Task: Potentially attractive strategy options for a company in an also-ran or declining competitive position include which of the following:
1) A strategy to merge with or acquire other firms in an attempt to join forces and create a stronger enterprise
2) A guerrilla warfare strategy
3) A harvesting strategy aimed at turning the firm into a cash cow instead of a cash hog by selling off some of the company's assets
4) A preemptive strike strategy
5) Buying market share with deep price cuts and trying to gain significantly greater buyer recognition and attention shifting to a strategy that is largely a carbon copy of the market leader's strategy
6) An offensive turnaround strategy, a fortify-and-defend strategy, an immediate abandonment strategy, or an end-game strategy
7) Broadening the company's product line to incorporate models and styles not offered by rival firms, boosting advertising, cutting prices, and/or aggressive internal efforts to correct the company's resource deficiencies