Renaldo is a turnaround advisor to Futbol Fanatics Incorporated, an insolvent business. To assist them in their workout plan, Renaldo advises to reduce the size of the business and to focus on only one aspect of the business rather than a wide variety of areas. He suggests selling several storage buildings and firing several of the employees. His workout model would be called

Question

Quizplus · Accepted Answer

Retrenchment strategy involves reducing the size or scope of a company's operations, typically through cost-cutting measures such as selling assets and laying off staff, which is what Renaldo is advising.

Renaldo Is a Turnaround Advisor to Futbol Fanatics Incorporated, an Insolvent