What kind of strategy is retrenchment?
A) A turnaround or reorganization strategy
B) An expansion strategy
C) A conglomerate strategy
D) An intensive strategy
E) An offensive strategy

Question

Quizplus · Accepted Answer

Retrenchment is a turnaround or reorganization strategy, which involves cutting back on business operations to turn around a struggling company. This strategy is often used when a company is facing financial difficulties or experiencing declining sales. It can involve reducing overhead costs, divesting non-core business units or product lines, and streamlining processes to become more efficient. Retrenchment is a defensive strategy aimed at reducing risk and stabilizing the company's financial position.

What Kind of Strategy Is Retrenchment