Question

When the market for photo film negatives declined with the arrival of digital cameras, Momento Films Inc., a manufacturer of film negatives, bought out most of its rivals that were planning to exit. This allowed the company to get rid of all the excess capacity and acquire a monopolistic market power in the declining industry. Which of the following strategies has Momento Films adopted in this scenario?

A. harvest strategy
B. maintain strategy
C. consolidated strategy
D. differentiation strategy

Answer 1

C. Consolidated strategy

Step-by-step explanation:

Since Momento Films Inc., a manufacturer of film negatives, bought out most of its rivals that were planning to exit they adopted the consolidated strategy

The consolidated strategy has to the do with merging and acquiring of many smaller businesses into a much larger business for the sake of making business benefit