Question

Access Office Equipment has shifted to sales and service of laptops and PCs, where it has the potential to triple the number of its customers. The company is no longer offering repairs on older types of office equipment because the demand for service on this equipment is low, and profits in that part of the business have dropped significantly. Access Office Equipment is implementing a _____ strategy.

Answer 1

Answer:

Access Office Equipment is implementing a growth strategy.

Explanation:

Growth strategy can be defined as the strategy whose goal is to win market shares in a greater quantity. The earnings in growth strategy might be short-termed. The common growth strategies include:

• product expansion
• market expansion
• market penetration
• acquisition and diversification

I hope it will help you!