In the Decline Phase of the Product Life Cycle,if a Firm

question 23

Multiple Choice

In the decline phase of the product life cycle,if a firm "milks" the firm's investment to recover cash quickly,it is using a strategy called ________.

• A) positioning
• B) reverse engineering
• C) psychological divestment
• D) harvesting
• E) abandonment

---

Definitions:

Minimize Cost

An objective in many business operations and economic models aiming to reduce expenses to the lowest possible level while maintaining efficiency and quality.

Capacity

The maximum amount of work or output that a system or facility can produce or handle over a given period of time.

Expediting

Expediting involves speeding up processes or deliveries, often to meet a tight deadline or to overcome delays.

Dispatching

The process of sending goods or vehicles out to specific locations or assignments.