_____ is a type of retrenchment strategy.
A) Turnaround
B) Diversification
C) Vertical integration
D) Merger and acquisition
E) Cannibalization

Question

Quizplus · Accepted Answer

Turnaround is a type of retrenchment strategy where a company makes significant operational changes to improve its financial performance and reverse a decline in sales and profits. This may involve downsizing, cost-cutting, restructuring, or divestment of non-core businesses. Other options given - B) Diversification, C) Vertical integration, D) Merger and acquisition, and E) Cannibalization - are not necessarily retrenchment strategies. Diversification is a growth strategy, and vertical integration, mergers and acquisitions, and cannibalization are business expansion strategies that involve increasing market share or efficiency rather than reducing it.

_____ Is a Type of Retrenchment Strategy