_________ is a retrenchment strategy that decreases the size of operations in order to reduce costs and improve operating efficiency.

Question

Quizplus · Accepted Answer

Downsizing is a strategic approach that companies employ to cut down the size of operations in order to reduce expenses and streamline their activities. Downsizing usually involves layoffs, closing facilities, and reducing the workforce. The aim is to reduce costs, improve operational efficiency, and optimize business activities.

_________ Is a Retrenchment Strategy That Decreases the Size of Operations