Hot Tacos Inc.is a start-up business that offers a variety of tacos to its customers.Some bad strategic and operational decisions result in huge losses for the company.Its owners encourage the chief chef to try different flavors and launch an innovative taco flavor to attract lost customers.This new taco proves to be a huge hit, and the firm regains its lost glory and profit.Identify the effort that Hot Tacos Inc.adopted to reverse its losses.

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The effort adopted by Hot Tacos Inc. to reverse its losses was a "Turnaround" strategy, which involves making significant changes to the business to improve its financial performance. In this case, the company launched an innovative taco flavor, which proved to be a huge hit and helped the firm regain its lost glory and profit.