When Organizations Close Operations, Shut Down Factories, Terminate Employees, and Take

question 41

Multiple Choice

When organizations close operations, shut down factories, terminate employees, and take other actions to scale back current operations, it is referred to as a _____ strategy.

• A) growth
• B) turnaround
• C) functional
• D) business
• E) diversification

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Definitions:

European Voyages

Exploratory and trade expeditions by European countries from the late 15th century onward, leading to the discovery of new lands and sea routes.

Pre-Columbian Americas

Describes the time period and cultures of the Americas before the arrival of Christopher Columbus in 1492.

Warfare

The engagement in or activities associated with armed conflict between states, groups, or parties, encompassing both conventional battles and guerrilla tactics.

Columbian Period

A historical era beginning with the voyages of Christopher Columbus in 1492, leading to widespread European exploration and colonization in the Americas.