Firms that seek to scale down their operations are following a(n):

Question

Quizplus · Accepted Answer

A divestment strategy involves reducing or eliminating certain business units or products in order to focus on core operations and increase profitability. This is in contrast to a concentration strategy which involves expanding within a particular industry or market, an internal growth strategy which involves increasing revenues through new products or services, or an external growth strategy which involves mergers and acquisitions to expand operations.

Firms That Seek to Scale Down Their Operations Are Following