A Management Strategy Used to Reduce the Scale and Scope

question 69

Multiple Choice

A management strategy used to reduce the scale and scope of a business to improve its financial performance is

• A) divestiture.
• B) downsizing.
• C) acquisition.
• D) merger.

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Definitions:

Advances In Technology

The development and application of new tools, machines, materials, and methods that improve processes, efficiency, and outcomes.

Supply Chain Processes

The sequence of activities and operations involved in the production and distribution of goods from materials sourcing to the final customer.

Quality Data

Information that is accurate, timely, and relevant, enabling effective decision-making and process management.

Technology Advantages

The benefits that businesses gain from utilizing modern technology, such as increased efficiency, improved communication, and enhanced data analysis.