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SSSSS [86.1K]
4 years ago
13

A stability strategy is a grand strategy that involves little or no significant organizational change. For example, Love Forever

is a jewelry store that sells only one type of item: engagement and wedding rings. The management of Love Forever does not plan to branch out into selling different types of jewelry; the company has a reputation for being the go-to store to purchase wedding rings, and it plans to maintain that strategy.
a) true
b) false
Business
2 answers:
Bezzdna [24]4 years ago
8 0

Answer:

True

Explanation:

A stability strategy like the question suggests, is a form of grand strategy that involves little or no deviations in terms of organization, products and sometimes the customer base. A stability strategy involves more consolidation and less expansion.

In the case study listed above, Love Forever, a jewelry store, decides to stick with its strategy of selling only engagement and wedding rings. This is an example of a stability strategy because the company has decided to consolidate rather than expand and has decided to double down on its reputation of being a go-to store for couples who intend to get married.

Stability strategy are sometimes synonymous with small businesses who don't have access to huge capital or who don't want to access capitals from investors or banks for various reasons.

zloy xaker [14]4 years ago
4 0

Answer:

The correct answer is True.

Explanation:

A stability strategy seeks to remain as long as possible in the maturity phase (or stability) of the company, reaping the fruits of the investments made. A survival strategy seeks to survive in a hostile environment, while retaining its market share.

In general, stability and survival strategies are defensive strategies, that is, strategies that seek to maintain the competitive position achieved by the company. This fact does not mean that the company cannot grow; in fact, on many occasions, to maintain market share growth is necessary (sustainable growth). In other cases, these strategies involve a decrease (organizational downsizing, outsourcing or outsourcing of activities).

These strategies are designed for the level of corporate strategy, although they can also be adopted for competitive or business strategies, as they allow the analysis for each business or activity to which the company is engaged.

You might be interested in
Consumers are buying _______________ goods when they switch between brands of convenience goods out of boredom or the desire to
suter [353]

Answer:

Variety-seeking.

Explanation:

Consumers are buying variety-seeking goods when they switch between brands of convenience goods out of boredom or the desire to change. Purchases may have been pre-planned in that consumers "knew" they were going to purchase a specific product or brand but changed their minds in-store, deciding to try something different. Variety-seeking behavior is depicted by the consumers when they have very low involvement with in the buying process and there are significant differences are also present among brands. Consumers do lot of brand switching here. Consumers switch brands only for the sake of trying something new rather than dissatisfaction with the brand.

7 0
3 years ago
Javier left his home country to become a gardener for a family in a suburb of San Francisco, California. One of the benefits of
mario62 [17]

Answer: socialist economic system

Explanation: In simple words, a socialist system refers to the system in which the forces of demand and supply are heavily controlled by the government. In such economies, the goods and services are produced with an objective of social welfare and not generation of profit like in capital economy.

In the given case, the home country of Javier provided the service of public transportation at lower prices unlike in California.

Hence from the above we can conclude that the correct answer is socialist economic system.

8 0
3 years ago
Which area of individual competence is lacking in the following scenario?
IrinaVladis [17]

<u>Answer:</u>

<u>Assertion </u>area of individual competence is lacking in the given scenario

<u>Explanation:</u>

Building up a group or team is a helpful way to deal with achieving success. When created and run successfully, a group can be implemented to pool the thoughts and encounters of its individuals looking for an aggregate result. Organizations of different kinds can profit by crafted by groups. A successful group must have the option to share challenges and furnish individuals with input.

Here, in the given scenario, the group leader exerts the feedbacks in a vague and an indirect manner. This creates a sense of confusion among the team and they lack a clear picture of what is happening. This hinders them from asserting their mistakes. By sharing problems and by giving clear feedbacks, one can increase their productivity and they become powerful issue solvers through a worked together exertion.

8 0
3 years ago
Chuck has AGI of $71,600 and has made the following payments
kodGreya [7K]

Answer: $4,690

Explanation:

From the above, Chuck can include the following with his itemized deductions,

County Real Estate Tax,

School District Tax on Realty,

State Income Tax estimated Payments and

State income tax withholding.

Calculating the above,

= 950 + 670 + 1,010 + 2,060

= $4,690

the amount of taxes that Chuck can include with his itemized deductions is $4,690.

7 0
3 years ago
Compared to a perfectly competitive firm, a monopolist____________.
alukav5142 [94]

Answer:

D. usually produces an inefficiently small level of output.

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices is usually set by market forces. There is no need for advertising because all firms produce homogenous products. There is little or no need for government regulation because goods and services are efficiently distributed.

A monopoly is characterised by one firm in the industry. The firm sets the market price. The government regulates the activities of the activities of a monopoly to reduce inefficiency that usually occur. Either quantity produced or price are usually regulated by the government to reduce inefficiency and ensure fair distribution of goods and services.

Monopoly firms usually advertise and undertake more research activities when compared to a pure competition.

I hope my answer helps you

6 0
3 years ago
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