An environmental response where a company cuts costs in response to declining sales is called?
A)Standard strategic repositioning
B)Gradual strategic repositioning
C)Containment
D)Retrenchment

Question

Quizplus · Accepted Answer

Retrenchment is a strategic response where a company cuts costs in response to declining sales. It involves reducing expenses by downsizing operations, selling assets, and laying off employees in order to become more financially stable.

An Environmental Response Where a Company Cuts Costs in Response