Genysys, a technology services provider, has been experiencing losses in some of its regional offices for the past few months. As a result, it closes some of its offices and downsizes its workforce. It also offers early retirement packages to its senior employees so that they may consider retiring earlier than they would have done otherwise. In the given scenario, Genysys is using a _____.
A) growth strategy
B) stability strategy
C) reduction strategy
D) diversification strategy

Question

Quizplus · Accepted Answer

Genysys is using a reduction strategy, as it is taking steps to reduce its operational size and costs by closing offices, downsizing its workforce, and offering early retirement packages.

Genysys, a Technology Services Provider, Has Been Experiencing Losses in Some