Which Strategy Should an Organization Use When Its Products Are

question 94

Multiple Choice

Which strategy should an organization use when its products are currently in the declining stage of the product's life cycle?

• A) Divestiture
• B) Related diversification
• C) Backward integration
• D) Unrelated diversification
• E) Retrenchment

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Definitions:

Status-role Complex

A concept referring to the combination of social positions (status) an individual occupies and the expected behaviors (roles) associated with those positions.

Interaction

A process by which entities or individuals act upon and respond to each other, forming the basis of social relations and structures.

Universal Functionalism

A theory in sociology and anthropology that argues all aspects of a society serve a purpose and are necessary for the survival of that society.

Robert Merton

Robert Merton was an American sociologist known for developing notable theories including the strain theory and concepts such as self-fulfilling prophecy.