To address limited, short-term problems, a company is most likely to employ a _________ strategy.
A)retrenchment
B)turnaround
C)doomsday
D)self-critical

Question

Quizplus · Accepted Answer

A retrenchment strategy is a short-term strategy that is used to address limited, short-term problems. This strategy involves cutting costs and reducing expenses in order to improve the company's financial performance.

To Address Limited, Short-Term Problems, a Company Is Most Likely