Bankruptcy
A) should never be used as a strategy.
B) should be used only when one is legally forced to do so.
C) can be an effective type of retrenchment strategy.
D) should only be used for large firms.
E) should only be used for small, private firms.

Question

Quizplus · Accepted Answer

Bankruptcy can be an effective retrenchment strategy as it allows a company to reorganize and eliminate debts, potentially leading to a more sustainable business model.