________ Is a Strategy Adopted by Management to Maintain or Slightly

question 62

Multiple Choice

________ is a strategy adopted by management to maintain or slightly improve the amount of business that an SBU is generating.

• A)Focus
• B)Stability
• C)Retrenchment
• D)Growth
• E)Divestiture

---

Definitions:

Marginal Benefit

The increased happiness or advantage derived from the consumption of one more unit of a good or service.

Marginal Cost

The cost of producing one more unit of a good or service, often key to determining the optimal level of production.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and products that are similar enough to be considered substitutes.

Nonexcludable

A characteristic of a good or service that prevents individuals who have not paid for it from being easily excluded from its consumption or use.