Carrying a Weak Product During the Decline Stage of the PLC

question 170

Multiple Choice

Carrying a weak product during the decline stage of the PLC can be very costly to a firm,and not just in profit terms.Which one of these is NOT likely to be one of those costs?

• A)takes up much of management's time
• B)frequent price and inventory adjustment
• C)requires advertising and salesforce attention
• D)few customer concerns about company image
• E)requires additional financial analysis

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The process of defining an organization’s direction, making decisions on allocating its resources to pursue this strategy, and ensuring alignment of actions with strategic goals.

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The process of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives and gain a competitive advantage.

Big Picture

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Strategy

A comprehensive plan created to achieve long-term goals within an organization, involving the allocation of resources to capitalize on opportunities or manage threats.