McDonald's addressed its lagging profitability by first closing stores operating below its guidelines. McDonald's used a consolidation strategy.

Name: McDonald's addressed its lagging profitability by first closing stores operating below its guidelines. McDonald's used a consolidation strategy.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

A strategy of consolidation involves reducing the company's size. When McDonald's closes stores that are not performing up to corporate standards, the firm is implementing a consolidation strategy.

McDonald's Addressed Its Lagging Profitability by First Closing Stores Operating