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If a firm deletes an entire product line, it has:
If a firm deletes an entire product line, it has: a) Expanded its product range
b) Increased its market share
c) Implemented a product diversification strategy
d) Engaged in product line contraction
Final answer:When a firm deletes an entire product line, it is engaging in product line contraction. This strategic decision allows the firm to free up resources and focus on more profitable areas of the business.Explanation:When a firm deletes an entire product line, it is engaging in product line contraction. This means that the firm is intentionally discontinuing the production and sale of a specific product or group of related products.Product line contraction can be a strategic decision made by a firm for various reasons. For example, if a product line is no longer profitable or does not align with the company's overall goals and objectives, it may choose to eliminate it.By deleting a product line, the firm can free up resources and focus on other products or areas of the business that have higher potential for growth and profitability....