Retrenchment is typically accomplished through:
A) Asset reduction
B) Profit reduction
C) Cost escalation
D) Revenue enhancement

Question

Quizplus · Accepted Answer

Retrenchment involves reducing the size or scope of a business, which can be accomplished through asset reduction, such as selling off non-core assets or restructuring operations to reduce overhead costs. Profit reduction and cost escalation would not be effective strategies for achieving retrenchment, as they would likely further harm the financial health of the business. Revenue enhancement may be a desired outcome of retrenchment, but it is not the same as the actual process of retrenchment itself.

Retrenchment Is Typically Accomplished Through