A retailer can reduce dependency on its core operations through ________.
A) a cost-containment strategy
B) downsizing
C) diversification
D) mergers

Question

Quizplus · Accepted Answer

Diversification involves expanding a company's operations into new markets or products, thereby reducing its dependency on its core operations. This can help retailers mitigate risks and capitalize on new growth opportunities. Cost-containment strategies and downsizing may help improve profitability in the short term but do not necessarily address the issue of dependency on core operations. Mergers may also provide diversification opportunities but come with their own set of risks and challenges.

A Retailer Can Reduce Dependency on Its Core Operations Through