A company which has invested so heavily in a particular strategy that it will not consider a change in this strategy even if it is not successful,would be an example of which strategy to avoid?
A) follow the leader
B) hit another home run
C) arms race
D) do everything
E) losing hand

Question

Quizplus · Accepted Answer

This scenario is an example of the "losing hand" strategy, where a company continues to invest in a failing strategy due to its significant prior investments, similar to a gambler continuing to bet on a losing hand in hopes of recovering past losses.

A Company Which Has Invested So Heavily in a Particular