Retrenchment:
A)Often involves work force reductions
B)Is a growth strategy
C)Involves an increase in the firm's workforce
D)Involves a loosening of cost controls
E)Typically builds on the existing corporate culture

Question

Quizplus · Accepted Answer

Retrenchment is a strategy that involves reducing the size and scope of a company's operations, often resulting in workforce reductions as a means to cut costs and improve efficiency. This strategy is used when a company is struggling financially and needs to regroup and refocus in order to remain competitive.