According to the Grand Strategy Matrix, Which Strategy Is Recommended

question 49

Multiple Choice

According to the Grand Strategy Matrix, which strategy is recommended for a firm with rapid market growth and a strong competitive position?

• A) Market penetration
• B) Unrelated diversification
• C) Joint venture
• D) Retrenchment
• E) Liquidation

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Definitions:

Tailored Sourcing

A sourcing strategy that is customized to fit the specific needs and requirements of a business, often involving close collaboration with suppliers.

Lead Time

The amount of time that elapses between the initiation and completion of a process, such as the time from placing an order to delivery.

Backup Supplier

A secondary source for goods or materials, used in case the primary supplier fails to deliver, to ensure continuity of supply in the production or distribution process.

Volume-Based

A pricing or measurement approach relying on the amount of goods sold or produced.