Transforming the Corporation into a Leaner,more Effective Firm,and Includes Such

question 29

Multiple Choice

Transforming the corporation into a leaner,more effective firm,and includes such actions as eliminating unprofitable outputs,pruning assets,reducing the size of the work force,cutting costs of distribution,and reassessing the firm's product lines and customer groups is known as

• A)corporate restructuring.
• B)turnaround.
• C)divestment.
• D)retrenchment.

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Definitions:

Competitive Financial Returns

Financial gains that are favorable when compared to other investments or competitors, often used as a measure of performance or success.

Consumer Complaints

Reports made by customers expressing dissatisfaction with goods or services.

Employees

Individuals hired by a firm to perform work in exchange for compensation, under the firm's control and direction.

Corporate Mergers

The amalgamation of two or more companies to form a single entity, aimed at enhancing market share or efficiency.