Retrenchment is:
A) the third life cycle stage.
B) a stage marked by a stabilization of demand.
C) a type of life cycle stage following a boom in which there is a rapid decrease in the number of firms.
D) an organizational life cycle stage in which established firms must find new approaches to improve the business.

Question

Quizplus · Accepted Answer

The Answer of Retrenchment is:
A) the third life cycle stage.
B) a stage marked by a stabilization of demand.
C) a type of life cycle stage following a boom in which there is a rapid decrease in the number of firms.
D) an organizational life cycle stage in which established firms must find new approaches to improve the business.

Retrenchment Is