Which of the following statements best defines a stability strategy?
A) It is adopted by a company that plans to stay in its current businesses and intends to manage them as they are already being managed.
B) It is used by companies that are adding new products, product lines, or businesses to their existing core products, product lines, or businesses.
C) It occurs when an organization finds that its current operations are not effective.
D) It can be pursued externally through mergers, joint ventures, and the acquisition of other businesses.

Question

Quizplus · Accepted Answer

A stability strategy is characterized by a company's decision to maintain its current business operations and manage them in the same manner without significant changes, expansions, or reductions.

Which of the Following Statements Best Defines a Stability Strategy