In an Attempt to Stop Declining Profitability, Chimos Inc

question 70

Multiple Choice

In an attempt to stop declining profitability, Chimos Inc., a chemical company, removed petrochemical products from its production and concentrated on specialty chemicals, a less capital-intensive, less cyclical business. What type of a grand strategy was Chimos Inc. using?

• A)Retrenchment
• B)Stability
• C)Growth
• D)Maturity
• E)Acquisition

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Definitions:

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