A company that is on the verge of collapse or bankruptcy is most likely to employ which strategy?
A)Retrenchment
B)Hunker down
C)Incremental improvement
D)Turnaround

Question

Quizplus · Accepted Answer

A company that is on the verge of collapse or bankruptcy is most likely to employ the turnaround strategy, which involves making drastic changes to the company's operations, management, and financial structure to revive the business and make it profitable again. Retrenchment may involve cutting costs and reducing operations but may not be enough to save a company from bankruptcy. Hunker down may involve staying the course and weathering the storm, but it does not involve making significant changes to the business to turn it around. Incremental improvement may be helpful in improving the company's operations, but it may not be enough to save a company from bankruptcy.

A Company That Is on the Verge of Collapse or Bankruptcy