Borders closing 200 of its 488 superstores and laying off 6,000 of its 19,500 employees is an example of
A) divestiture.
B) backward integration.
C) liquidation.
D) retrenchment.
E) forward integration.

Question

Quizplus · Accepted Answer

The closing of 200 stores and laying off 6,000 employees is an example of retrenchment, which is a strategy that involves cutting back on business operations to improve profitability or reduce costs. It is often used when a company is facing financial difficulties or when it wants to focus on core business activities.

Borders Closing 200 of Its 488 Superstores and Laying Off