Question

You were assigned the responsibility for managing all products in the decline stage using a harvesting approach. Based on this directive, you will:

Answer 1

I will sell off ALL products in the decline stage

Step-by-step explanation:

Harvesting approach are mostly used by managers for products or services, that are perceived as not profitably. Hence, these products or services are sold out completely with a focus on recouping maximum return on investment.

Harvesting approach is closely associated with products in the decline stage of product life cycle; as sales and profit tend to reduce,