Which of the Following Core Defensive Strategies Is Appropriate When

question 45

Multiple Choice

Which of the following core defensive strategies is appropriate when a business is operating in a very unattractive market and has a very weak competitive advantage?

• A)a harvest strategy
• B)a monetize strategy
• C)an optimize strategy
• D)a protect strategy
• E)an invest strategy

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Definitions:

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, resulting in a stable market condition.

Price Floor

A government- or authority-imposed minimum price that can be charged for a product or service, often above the equilibrium price.

Network Externality

A situation where the value of a product or service increases as more people use it.

Intrinsic Value

The inherent or fundamental worth of something, not influenced by external factors or market conditions.