Turnaround is to change the focus and strategy of the firm to take advantage of changing conditions and new technology.

Name: Turnaround is to change the focus and strategy of the firm to take advantage of changing conditions and new technology.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A turnaround refers to the process of making a company profitable again after it has been performing poorly, often involving restructuring and cost-cutting, rather than just changing focus and strategy.

Turnaround Is to Change the Focus and Strategy of the Firm