What Does "Retrenchment" Mean in Terms of Business Strategy

question 185

Short Answer

What does "retrenchment" mean in terms of business strategy?
A change in the mission for the organization
Ceasing to do business
Cutting back some operations
An increase in the market share for two or more products
Growth at a modest rate

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Definitions:

Inventory Investment

The purchase of goods and materials for future sale or use, regarded as a form of investment by a company.

GDP

Gross Domestic Product, which measures the total value of all goods and services produced within a country’s borders in a specific time period.

Partnership

A lawful business structure operated by two or more people who jointly manage and divide profits.

Limited Liability

A legal structure that limits the personal financial responsibility of shareholders for the debts or actions of a corporation to the amount they invested.