Firms That Seek to Scale Down Their Operations Are Following

question 48

Multiple Choice

Firms that seek to scale down their operations are following a(n) :

• A)concentration strategy.
• B)internal growth strategy.
• C)external growth strategy.
• D)divestment strategy.
• E)diversification strategy.

---

Definitions:

Game Theory

A theoretical framework for conceiving social situations among competing players, in which the outcome of a participant's choice of action depends critically on the actions of other participants.

Sequential Negotiation Games

A type of game theory scenario where participants negotiate or make decisions in a predetermined order, rather than all at once.

Threat

A potential cause of harm or negative outcome, often used in strategic contexts to describe a disadvantageous situation that might materialize.

Strategy

A plan of action designed to achieve a long-term or overall aim.