__________ Strategy Addresses Organizational Weaknesses, Helps Stabilize Operations, and Revitalizes

question 72

Multiple Choice

__________ strategy addresses organizational weaknesses, helps stabilize operations, and revitalizes organizational resources and capabilities.

• A) diversification
• B) integration
• C) concentration
• D) retrenchment
• E) stability

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Definitions:

Allowance

An amount set aside as a reduction or probable future expenses or losses, such as an allowance for doubtful accounts.

Equipment

Tangible assets used in the operation of a business, such as machinery, tools, and vehicles, not intended for sale.

Partnership

A legitimate business partnership that involves several people who collaboratively oversee the operation and profit sharing.

Liquidation

The process of closing a business and distributing its assets to claimants, typically when the company is insolvent.