Which of the following is most likely the goal of a company that eliminates a product line?
A) to get rid of low- or no-profit products
B) to increase the depth of the product mix
C) to adapt strategies as necessary during the growth stage in the product life cycle
D) to engage in product differentiation
E) to enter new markets

Question

Quizplus · Accepted Answer

Eliminating a product line is often a strategic decision to remove products that are not profitable or are underperforming. This action allows the company to focus resources on more profitable areas, streamline operations, and potentially increase overall profitability.

Which of the Following Is Most Likely the Goal of a Company