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In an Attempt to Stop Declining Profitability,ICI,a British Chemical Company,deleted

question 55

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In an attempt to stop declining profitability,ICI,a British chemical company,deleted petrochemical products from its production and concentrated on specialty chemicals,a less capital intensive,less cyclical business.Which type of strategy will ICI more than likely implement if it is successful in making the needed changes?


Definitions:

Encumber Goods

To place a burden or charge on goods, such as a lien or mortgage, that affects their use or transferability.

Title To Delivery

A legal concept indicating the transfer of ownership of goods from a seller to a buyer when specific conditions are met.

Small Business Loan

Financing specifically targeted to support the needs and growth of small and medium-sized enterprises, often provided with favorable terms.

Goods-In-Bailment

Items that are temporarily entrusted to another party (the bailee) for a specified purpose, under a bailment agreement, but ownership remains with the person who entrusts the goods (the bailor).

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