Weaker competitors often resort to retrenchment when national business environments grow more competitive.

Name: Weaker competitors often resort to retrenchment when national business environments grow more competitive.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Retrenchment is a common strategy used by weaker competitors to reduce costs and improve profitability when faced with more competitive business environments. This may involve cutting back on product lines, reducing staff, or even exiting certain markets altogether.

Weaker Competitors Often Resort to Retrenchment When National Business Environments