Four Basic Strategies That Are Available in the Decline Stage

question 66

Multiple Choice

Four basic strategies that are available in the decline stage are maintaining, harvesting, exiting, or

• A) eliminating competitors.
• B) consolidating.
• C) minimizing office expenses.
• D) reducing business travel.

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Definitions:

Situation Analysis

A systematic evaluation of an organization's current state, including its environment, objectives, and strategies to identify opportunities and threats.

Current Problem

The ongoing issue or challenge that is being addressed or faced in the present.

Social Commerce

The use of social networks in the context of e-commerce transactions, where users can buy and sell items within the social media platform.

Social Media Mix

The combination of different social media platforms and tools a brand or individual uses to achieve their communication and marketing objectives.