Companies may wish to implement a(n)________ to achieve more growth,to realize higher margins,or simply to position themselves as full-line manufacturers.
A) up-market stretch
B) down-market stretch
C) service-market stretch
D) consulting-model stretch
E) obsolescence strategy

Question

Quizplus · Accepted Answer

An up-market stretch strategy involves expanding a company's product or service offerings to higher-end markets or customers. This can help a company achieve more growth and realize higher margins, as they are able to tap into new markets with greater purchasing power. Additionally, positioning oneself as a full-line manufacturer can help establish a stronger brand identity and boost customer loyalty.

Companies May Wish to Implement A(n)________ to Achieve More Growth,to