Which of these refers to cutting back on products,markets,operations because the firm's overall competitive and financial situation cannot support commitments needed to sustain or build its operations?

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Retrenchment refers to cutting back on products, markets, and operations because the firm's overall competitive and financial situation cannot support commitments needed to sustain or build its operations. Conglomerate diversification refers to adding new, unrelated product lines or businesses, whereas concentrated growth refers to expanding in the same product/market areas. Vertical integration involves controlling the entire value chain by owning and operating suppliers, distributors, and/or retail locations.

Which of These Refers to Cutting Back on Products,markets,operations Because