Lennox's company is planning on extending its existing business in Asia.In Europe, the company is fairly dominant, so they plan to make only slow and gradual changes in that market.However, their efforts to establish market share in North America have not been successful, so they plan to liquidate those assets and redirect them elsewhere.Which grand strategy is Lennox's company using?
A)Growth
B)Stability
C)Combination
D)Turnaround and retrenchment

Question

Quizplus · Accepted Answer

The company is using a Combination strategy, as it plans to grow in Asia, maintain stability in Europe, and retrench by liquidating assets in North America.

Lennox's Company Is Planning on Extending Its Existing Business in Asia.In