Which of the Following Occurs When an Organization Finds That

question 17

Multiple Choice

Which of the following occurs when an organization finds that its current operations are not effective, and major changes, such as rightsizing, are usually needed to rectify the problem?

• A) A diversification strategy
• B) A turnaround strategy
• C) A growth strategy
• D) A stability strategy

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Definitions:

State Statutes

Laws enacted by the legislative branch of a state government, applicable within the boundaries of that state.

Hotel Operators

Individuals or companies responsible for managing hotels, including their day-to-day operations and overall strategic planning.

Liability

Refers to the state of being legally responsible for something, typically referring to debts or obligations.

Common Carrier

A business or agency that is available to the public for transportation of persons, goods, or messages, under a regulatory or legal obligation to serve all customers.