Significant cost reductions, layoffs of employees, closing of poorly performing stores, offices, or manufacturing plants, or closing or selling entire lines of products or services would be characteristic of a_____________ strategy.
A) portfolio
B) retrenchment
C) stability
D) firm-level
E) rehabilitation

Question

Quizplus · Accepted Answer

A retrenchment strategy shrinks the size or the scope of the business.

Significant Cost Reductions, Layoffs of Employees, Closing of Poorly Performing