The strategy which takes place in two basic phases of contraction and consolidation is
A) merger.
B) liquidation.
C) integration.
D) divestment.
E) turnaround.

Question

Quizplus · Accepted Answer

A turnaround strategy involves two phases: contraction, which focuses on cutting costs and stabilizing the business, and consolidation, which aims to strengthen the company's position and ensure long-term success.

The Strategy Which Takes Place in Two Basic Phases of Contraction