________ refers to reducing the business portfolio by abandoning products that no longer fit the company's overall strategy.
A) Market segmentation
B) Vertical integration
C) Product line extension
D) Downsizing
E) Diversification

Question

Quizplus · Accepted Answer

Downsizing refers to the process of reducing the business portfolio by abandoning products, services, or business units that are no longer profitable or do not fit the company's overall strategy. This can involve layoffs, restructuring, or divestitures to streamline operations and focus on core strengths.

________ Refers to Reducing the Business Portfolio by Abandoning Products