One of the SBUs Under the Retro Group of Companies

question 51

Multiple Choice

One of the SBUs under the Retro Group of companies is not generating a satisfactory amount of business. Extensive analysis shows that the company is losing its market share because its competitors have more sustainable processes. Analysts also feel that the growth prospects in this industry are extremely limited. Which of the following organizational strategies should the company adopt?

• A) focus
• B) stability
• C) retrenchment
• D) growth
• E) divestiture

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Definitions:

U.S. Price Support Program

Government initiatives designed to stabilize or increase market prices typically for agricultural products, by buying excess supply or offering subsidies.

Freedom To Farm Act

A U.S. federal law enacted to reduce government control over farming operations, allowing farmers more freedom in making planting and harvesting decisions.

Farm Policy

Government guidelines and regulations aimed at controlling agricultural production, prices, and trade to support farmers and the agricultural sector.

Farm Programs

Government initiatives designed to support farmers, stabilize food prices, and ensure a steady supply of agricultural products through subsidies, loans, and other means.