Final answer:
In the growth-share matrix, 'Dogs' represent low-growth, low-share businesses or products. This categorization system helps firms to prioritize and manage their various strategic business units effectively.
Step-by-step explanation:
The growth-share matrix, also known as the BCG matrix, categorizes strategic business units (SBUs) or products into four quadrants based on market growth rate and relative market share. The four types are Stars, Question Marks, Cash Cows, and Dogs. Specifically, Dogs are defined as low-growth, low-share businesses or products. They typically generate just enough cash to maintain themselves but do not have much potential for growth or profitability, making them candidates for divestment or restructuring