Wayth, a mobile manufacturing company, experienced losses in its domestic operations. As a result, it closed two of its underperforming facilities and downsized its workforce. The management also offered early retirement benefits to its low-performing employees to make them resign voluntarily. In the given scenario, Wayth used a _____.
A) stability strategy
B) reduction strategy
C) diversification strategy
D) growth strategy

Question

Quizplus · Accepted Answer

Wayth implemented a reduction strategy by closing underperforming facilities, downsizing its workforce, and offering early retirement benefits to low-performing employees to reduce its operational costs and losses.

Wayth, a Mobile Manufacturing Company, Experienced Losses in Its Domestic