Question: Question 42 (10 points) ApplDev is a business unit that develops a software, RmtLrn, for online learning within a bigger company OPENLrn. The software has

Question 42 (10 points) ApplDev is a business
Question 42 (10 points) ApplDev is a business unit that develops a software, RmtLrn, for online learning within a bigger company OPENLrn. The software has high growth prospects but its market share is low. It is also consuming lots of cash (programmers' salary, marketing expenses, cloud computing fees, etc.) at the moment while bringing little in return. Despite its high growth prospects because of the COVID-19 pandemic, it is losing money and OPENLrn does not know what to do with it. You are a management consultant and you have won a contract with OPENLrn to advise them on what to do with Rmtlrn. Use the BCG matrix to evaluate RmtLrn and its economic environment and give your recommendation Required: Describe what the BCG matrix is. (2 marks) identify the category (quadrant) in which Rmtlrn can be located and why. (4 marks) Explain what OPENLrn should do with the product. (4 marks) A/

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