Question

Distinguish between stability strategy and growth strategy

Answer 1

Answer:

A stability strategy refers to a strategy by a company where the company stops the expenditure on expansion, in other words it refers to situation where company do not venture into new markets or introduce new products.

Explanation:

A growth strategy is a plan of action designed to help businesses capture a larger share of the market, even if it comes at the expense of short-term profit.

The type of growth strategy a company implements will depend heavily on factors such as their finances, target market, and the industry they occupy.