The Purpose of a _____ Strategy Is to Turn Around

question 48

Multiple Choice

The purpose of a _____ strategy is to turn around very poor company performance by shrinking the size or scope of the business.

• A)growth
• B)stability
• C)retrenchment
• D)maturity
• E)repositioning

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Definitions:

Modern Companies

Businesses that leverage current technologies, adopt modern organizational practices, and align their strategies with the evolving needs of the global market.

Competitive Advantage

The unique attributes or conditions that allow an organization to outperform its competitors.

Credit Policies

The guidelines and terms that a company establishes to manage the offering of credit to its customers, including repayment terms and credit limits.

Discount

A reduction on the normal selling price of a product or service, often used as a sales incentive to increase demand or reward customer loyalty.