A Firm Plans to Use a Defensive Core Strategy of Protect

question 3

Multiple Choice

A firm plans to use a defensive core strategy of protect position,with the strategic objective of maintaining profits.Which of the following strategies is the firm most likely to implement as a part of its core strategy?

• A)build customer retention
• B)enter new related markets
• C)harvest for cash flow
• D)divest for cash flow
• E)develop new markets

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Definitions:

Subsidies

Financial support extended to an economic sector (or institution, business, or individual) with the aim of promoting economic and social policy objectives.

Wage Payments

The act of providing remuneration to employees for their labor, usually in the form of a monetary payment over a specified time period.

Personal Income Tax Revenues

Government earnings collected from individuals based on their income, which vary depending on the income level.

Provision

The act of supplying or making available goods, services, or resources to meet a need or demand.