Downsizing is often used to implement a(n) ________ strategy.
A) retrenchment
B) growth
C) stability
D) hold
E) integration

Question

Quizplus · Accepted Answer

Downsizing involves reducing the size of a company by eliminating jobs, closing facilities, or divesting business units, which is typically done as part of a retrenchment strategy to cut costs and increase efficiency. It may involve layoffs or early retirements, and is often accompanied by efforts to improve productivity and streamline operations. Downsizing may also be used as a temporary measure to address short-term challenges or to restructure a company in response to changes in the competitive environment. However, it can also have negative consequences for morale, employee engagement, and long-term competitiveness if not managed carefully.

Downsizing Is Often Used to Implement A(n) ________ Strategy