Which of the Following Decline Stage Strategies Refers to Keeping

question 2

Multiple Choice

Which of the following decline stage strategies refers to keeping a product going without significantly reducing marketing support, technology development, or other investments, in the hope that competitors will exit the market?

• A) Consolidation
• B) Exiting
• C) Harvesting
• D) Maintaining

Recognize characteristics and benefits of lean operations.

Understand the concept of waste in JIT and methods for its reduction.

Comprehend the role of supplier and customer relationships in JIT systems.

Analyze and apply JIT, lean, and TPS theories and practices to improve operational efficiency.

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Definitions:

Mental Image

A representation of sensory experience held in the mind, which can be recalled or manipulated.

Acronym Method

A mnemonic device that involves using the initials of information to be remembered to form a word or phrase.

Link Method

A memory technique where you visualize items to be remembered in a way that they are linked together by a story or association.

Method of Loci

A mnemonic strategy of memory enhancement which uses visualizations with the use of spatial memory, familiar information about one's environment, to quickly and efficiently recall information.