An Iowa ethanol production company has been suffering from a combination of lower demand for gasoline (into which its product is mixed) and higher corn prices (which is the largest input cost).It has responded by selling off land, buildings, and some of its reserve product inventory.This is a variation of which of these grand strategies?

Question

Quizplus · Accepted Answer

A defensive strategy or a retrenchment strategy, is a grand strategy that involves reduction in the organization's efforts.In a variation of this strategy, it can sell off (liquidate) assets like land, buildings, inventories, and the like.

An Iowa Ethanol Production Company Has Been Suffering from a Combination