Correct

不死不活

/ bù sǐ bù huó / 
Strokes

Example

Definition

(of an enterprise, etc) be badly run; neither alive nor dead; half-dead; lifeless; lethargic

1
Yī
一
gè
个
bùsǐbùhuó
不死不活
de
的
qǐyè
企业
yǔ
与
qí
其
tuō
拖
zhāo
着
  
,
bùrú
不如
gāncuì
干脆
jiěsàn
解散
  
。

It would be better for a badly-run enterprise to be dissolved than to let it hang on.