Which of the following is a reason that a firm might want to abandon products or markets?
The market environment has changed, making a product more profitable.
The firm has entered areas in which it does not have expertise.
The economic climate is showing signs of recovery.
The firm has grown too slowly.
The firm has researched a foreign market which it has entered and it matches their domestic strategy.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q31: Making more sales without changing a firm's
Q32: The BCG growth-share matrix classifies four types
Q33: When dealing with a _, managers must
Q34: If Under Armour, the successful maker of
Q35: Mountain Home Farms is now using the
Q37: In the BCG approach, _ are high-share,
Q38: According to the text the best known
Q39: _ are low-growth, high share businesses or
Q40: Most portfolio analysis methods evaluate SBUs on
Q41: _ is the marketing logic by which
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents