A Big Box electronic store has decided to close some of its stores across the country to focus more on online sales.Which type of Grand Strategy is the store using?
A)Retrenchment
B)Turnaround
C)Combination
D)Spinoff

Question

Quizplus · Accepted Answer

Retrenchment is a grand strategy where a company reduces the scope of its business activities to improve its overall performance. In this case, the Big Box electronic store is closing some of its physical stores to focus more on online sales, which is a form of retrenchment. The company is reducing the scope of its physical retail operations to focus on its stronger online sales channel.

A Big Box Electronic Store Has Decided to Close Some