If a company is on the verge of collapse or bankruptcy,which strategy is it most likely to employ?

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Quizplus · Accepted Answer

A company on the verge of collapse or bankruptcy would most likely employ a turnaround strategy, which involves implementing changes in management, operations, and/or financial structure in order to improve financial performance and avoid bankruptcy. Retrenchment may involve cutting back on expenses and resources, but it may not be enough to turn the company's fortunes around. Incremental improvement focuses on small changes over time, which may not be effective in the face of an imminent crisis. Hunkering down may involve cutting costs and weathering the storm, but it may not be a viable long-term solution for a company in dire straits.

If a Company Is on the Verge of Collapse or Bankruptcy,which