Direct expansion and diversification are examples of a corporate retrenchment strategy.

Name: Direct expansion and diversification are examples of a corporate retrenchment strategy.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Direct expansion and diversification are actually examples of a corporate growth strategy, which is the opposite of retrenchment. Retrenchment strategies involve reducing a company's operations or assets in order to cut costs and improve profitability.

Direct Expansion and Diversification Are Examples of a Corporate Retrenchment