Asked by Grace Hummel on May 02, 2024
Verified
A stability strategy maintains current operations without substantial change.
Stability Strategy
A business approach focusing on maintaining current operations and market share without significant growth or expansion, prioritizing steady income and consistent performance.
- Recognize the characteristics of different business strategies (stability, growth, differentiation, cost leadership).
Verified Answer
MH
Mahdi HasanMay 06, 2024
Final Answer :
True
Explanation :
A stability strategy is focused on maintaining current operations without major changes. It is often used by companies that are established in their industry and have a stable market position.
Learning Objectives
- Recognize the characteristics of different business strategies (stability, growth, differentiation, cost leadership).