In an attempt to stop declining profitability, Quint Cement Co., a construction material manufacturer, stopped manufacturing other kinds of cement products and concentrated on special anti corrosion cement. If Quint Cement Co. is successful in making the needed changes, it will more than likely implement a _____ strategy.
A)harvesting
B)retrenchment
C)diversification
D)divestment
E)recovery

Question

Quizplus · Accepted Answer

Quint Cement Co. is attempting to improve profitability by focusing on a specific product line, which is a recovery strategy.

In an Attempt to Stop Declining Profitability, Quint Cement Co