To Handle Products in the Decline Stage of the Product

question 16

Multiple Choice

To handle products in the decline stage of the product life cycle, companies often use either a ________ strategy or a ________ strategy.

• A) divesting; harvesting
• B) diversification; contraction
• C) deletion; harvesting
• D) deletion; diversification
• E) building; divesting

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Definitions:

Authentic

The quality of being genuine, true to oneself, and transparent in one’s interactions and existence.

Existential Therapies

A category of psychotherapeutic approaches that focus on individual free will, self-determination, and the search for meaning within the human experience.

Responsibility

Being in a position where you have obligations to manage a situation or govern over an individual.

Reality Therapy

A form of therapy focusing on personal responsibility and focusing on the present rather than the past to solve current problems.