A strategy designed to reduce the scale or scope of a corporation's business is called a ________ strategy.
A) growth
B) differentiation
C) retrenchment
D) stability

Question

Quizplus · Accepted Answer

A retrenchment strategy focuses on reducing the scale or scope of a corporation's business. This can involve downsizing, divesting non-core assets, or exiting certain markets or product lines. This strategy is often used when a company is facing financial difficulties or wants to refocus on its core business. Growth strategies are designed to increase a company's market share or revenue, differentiation strategies aim to create a unique competitive advantage, and stability strategies are focused on maintaining the status quo.

A Strategy Designed to Reduce the Scale or Scope of a Corporation's