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Editor's Notes
Which strategy is appropriate when an organization competes in an industry?The correct answer is B) Product development. Reason: The suitable strategy when a business firm competes in an industry related to advanced and quick technological developments is product development.
Which strategy should be implemented when a division is responsible for an organizations overall poor performance?The right answer option is B: divestiture. Divestiture should be implemented when a division is responsible for an organization's overall poor performance.
Which strategy is effective when the number of suppliers is small and the number of competitors is large?(4) Horizontal Diversification strategies is effective when the number of suppliers is small and the number of competitors is large.
Which strategy should an organization use when its products are currently in the declining stage of the product's life cycle *?Retrenchment. This strategy can be used by an organization when its products are currently in the declining stage of the product's life cycle.
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