Fit and Fab Company is a boutique in the United States that offers custom-made designer wears to its customers.It used to source expensive material from the U.S.market.However, this resulted in huge losses for the company.The owners want to turn around the declining business.They control the cash outflow by sourcing the material from Asian countries that offer quality material and fabrics at half the price.Identify the technique used by Fit and Fab Company to reverse its decline.

Question

Quizplus · Accepted Answer

The company is using a retrenchment strategy by reducing costs through sourcing cheaper materials from Asian countries to reverse its financial decline.

Fit and Fab Company Is a Boutique in the United