A large electronics chain has decided to close some of its stores across the country to focus more on online sales.Which type of grand strategy is the store using?
A)Retrenchment
B)Stability
C)Combination
D)Spinoff

Question

Quizplus · Accepted Answer

Retrenchment strategy involves cutting back on operations, reducing the size of the business, or selling off assets to focus on core business activities. In this case, the electronics chain is closing down some of its physical stores to focus more on its online sales. This is a classic example of the retrenchment strategy.

A Large Electronics Chain Has Decided to Close Some of Its