Recently ConocoPhillips, America's third-biggest oil company, spun off its refineries, pipelines, and chemicals division to form a new company called Phillips 66.Now ConocoPhillips will concentrate on its upstream operations.This is a variation of which of these grand strategies?
A) Right-size
B) Growth
C) Stability
D) Defensive
E) Reorganization
Correct Answer:
Verified
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