What strategy is characterized by significant cost reductions,the layoffs of employees,the closing of poorly performing stores,offices,or manufacturing plants,or the closing or selling of entire lines of products or services?

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The strategy characterized by significant cost reductions, layoffs of employees, closing of poorly performing stores, offices, or manufacturing plants, or the closing or selling of entire lines of products or services is retrenchment. Retrenchment is a defensive strategy that aims to improve a firm's financial performance and strengthen its competitiveness by reducing its costs and streamlining its operations.

What Strategy Is Characterized by Significant Cost Reductions,the Layoffs of Employees,the