With a __________ strategy,the company attempts to reverse a declining business as quickly as possible.
A) retrenchment
B) turnaround
C) stability
D) growth

Question

Quizplus · Accepted Answer

A retrenchment strategy involves cutbacks in various areas of the business in order to reduce costs, while a stability strategy involves maintaining the current level of operations and not making any major changes. A growth strategy involves expanding the business through various means, such as entering new markets or developing new products. A turnaround strategy, on the other hand, is specifically designed to address a declining business and aims to quickly reverse the negative trend. Therefore, the best choice is B) turnaround.

With a __________ Strategy,the Company Attempts to Reverse a Declining