A divestment strategy is appropriate when which of the following conditions are met?

a$.$ The competition in the declining industry is likely to be intense the company wishes to exit a declining industry and optimize cash flow in b$.$

The company has few strengths relative to whatever pockets of demand are likely to remain in the industry and competition in the declining indu likely to be intense.

c$.$ The company has few strengths relative to whatever pockets of demand are likely to remain in the industry.

d$.$ The company wishes to exit a declining industry and optimize cash flow in the process.