A retrenchment strategy is designed to ________.
A) guard against change
B) reduce the scale or scope of a corporation's operations
C) increase the scale or scope of a corporation's operations
D) mix growth, retrenchment, and stability strategies

Question

Quizplus · Accepted Answer

A retrenchment strategy is designed to reduce the scale or scope of a corporation's operations. It involves cutting back on expenses, selling off assets, laying off employees, or even closing down parts of the business that are not profitable. This strategy is typically implemented when a company is facing financial difficulties or when it wants to refocus on its core operations.

A Retrenchment Strategy Is Designed to ________