Asked by Trinity McClendon on Jun 30, 2024
Verified
A company that adopts a stability strategy plans to expand into new products or markets and intends to manage them by adopting the strategies used for managing its current businesses.
Stability Strategy
A business approach that focuses on maintaining current operations and market position without significant growth or change.
- Distinguish among the notions of mission statement, corporate strategies, and competitive strategies.
Verified Answer
ZK
Zybrea KnightJul 06, 2024
Final Answer :
False
Explanation :
A stability strategy typically means that a company intends to maintain its current position and focus on its existing products and markets, rather than expanding into new areas.
Learning Objectives
- Distinguish among the notions of mission statement, corporate strategies, and competitive strategies.
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