Matching -Growth Strategy

question 5

Multiple Choice

Matching
-Growth Strategy

• A)increasing revenue, profits, markets share, or territories
• B)addresses declining performance through retrenchment and regrowth
• C)adds new kinds of goods, services or business units
• D)provides goods/services that are significantly different from the competition
• E)focus is on processes, products, and services that will sustain it over the long term
• F)concentrates on a specific target market and may use cost leadership and/or differentiation strategies
• G)reduces production costs and therefore consumer price

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Definitions:

Consider Points

To take into account specific facts or arguments when making a decision or forming an opinion.

Leader-centered Decision Making

A leadership approach where decisions are predominantly made by the leader rather than being collaborative or democratic.

Employee-centered Decision Making

An approach to management and problem-solving that involves considering and valuing the opinions, well-being, and participation of employees.

Urgency

A sense of importance requiring swift action.