Scenario: TeleToys International
TeleToys International, a U.S.-based company, recently opened 18 toy stores in Brazil, acquired a women's clothing store company in Canada, and closed its men's clothing store chain in Australia. The company has a structure that organizes its global operations into geographic regions.
-The closing of TeleToys' Australian men's clothing store chain can best be described as a(n) ________ strategy.

Question

Quizplus · Accepted Answer

Retrenchment refers to the reduction or elimination of operations in one or more lines of business or geographic regions. In this scenario, TeleToys closed its men's clothing store chain in Australia, which fits the description of a retrenchment strategy.

Scenario: TeleToys International TeleToys International, a U.S.-Based Company, Recently Opened 18 Toy Stores