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    Question

    When a bank withdraws an unprofitable product to focus

    resources elsewhere, it is following:
    A Diversification Correct Answer Incorrect Answer
    B Product elimination Correct Answer Incorrect Answer
    C Market development Correct Answer Incorrect Answer
    D Penetration strategy Correct Answer Incorrect Answer
    E Concentrated targeting Correct Answer Incorrect Answer

    Solution

    Product elimination removes low-performing offerings to optimize portfolio. Why others are incorrect: Diversification adds products; Market development expands geography; Penetration increases share; Concentrated targeting focuses on niche. Banking Example: Discontinuing outdated deposit scheme.

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