Question
Using the concept of product portfolio, explain whether PU should remove the offering of less popular subjects such as history and international languages. (6 marks)
Using the concept of product portfolio, explain whether PU should remove the offering of less popular subjects such as history and international languages. (6 marks) A product portfolio is defined as the variety of subjects offered by PU. In business management, the BCG matrix is marketing tool used to help organizations create a balanced portfolio of product based on their market potential. Evaluated using a matrix measuring the degree of market share and market growth, dogs are products with low market share with low market growth, and stars are products with high market share and high market growth. From the information provided, it seems that history and the international languages seem to be dogs as they have a level of take up and this is set to further deteriorate in the coming years. According to the BCG matrix, dogs should be disposed, in fear that keeping them around wil lead to liquidity problems which PU is facing at the moment.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
The detailed answer for the above question is provided below However before the decision to take ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started