When Air Canada went into bankruptcy protection to restructure its organization and reduce its operating costs, it was pursuing which of the following strategies?

Question

Quizplus · Accepted Answer

The strategy pursued by Air Canada when it went into bankruptcy protection to restructure its organization and reduce its operating costs is a turnaround strategy. A turnaround strategy involves taking quick and drastic actions to reverse a company's declining performance and restore its profitability. In this case, Air Canada sought to restructure its business and reduce costs to turn its operations around and become profitable again.

When Air Canada Went into Bankruptcy Protection to Restructure Its