Dropping an Unprofitable Product Immediately Is the Best Strategy When

question 46

Multiple Choice

Dropping an unprofitable product immediately is the best strategy when

• A) all advertising and promotional efforts have been exhausted.
• B) customers have a negative outlook on other products.
• C) losses are too great to prolong the product's life.
• D) the product's performance cannot be improved.
• E) there is low compatibility with the firm's business strategies.

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Definitions:

Resilient

The ability to withstand, adapt to, or recover quickly from difficult conditions or situations.

Social Comparison

The process of evaluating oneself or one’s abilities in relation to others, often leading to feelings of superiority or inferiority.

Abilities

The range of skills, talents, or competencies that an individual possesses, which can be developed through practice and learning.

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The successful completion of tasks, goals, or challenges, often recognized by awards or other forms of acknowledgment.