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What are the four directional strategies that firms use to meet their objectives?

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Answer:

Growth strategy

Stability strategy

Retrenchment strategy

Combination strategy

Step-by-step explanation:

four directional strategies are

  • Growth strategy: Growth strategy is adopted when any firm wants to tap the opportunity available in the market.
  • Stability strategy: when a company want to maintain existing demand and profit then company work with the same strategy for a long time.
  • Retrenchment strategy: when company want to reduce its size and operation of the business.
  • Combination strategy: in this company utilize all the combination of growth, stability and retrenchment all

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