Asked by Monica Mitchell on Sep 28, 2024
Verified
A firm trying to close a profitability gap is concentrating on its most profitable products and abandoning markets that it cannot win.Which strategy is the firm most likely using?
A) capacity utilization
B) forward integration
C) rationalization
D) segmentation
Rationalization
The process of reorganizing a company or system to make it more efficient and effective, often involving reductions in staff.
Capacity Utilization
The extent to which a firm or economy is using its installed productive capacity.
Abandoning Markets
The strategic decision to exit a market segment or stop marketing efforts in a particular geographic or product area.
- Comprehend the tactics a firm can employ to bridge sales and profitability discrepancies.
- Comprehend the consequences of selecting particular strategies to tackle profitability concerns.
Verified Answer
Learning Objectives
- Comprehend the tactics a firm can employ to bridge sales and profitability discrepancies.
- Comprehend the consequences of selecting particular strategies to tackle profitability concerns.
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