In an Attempt to Stop Declining Profitability, ICI, a British

question 28

Multiple Choice

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. What type of a grand strategy was ICI using?

• A) retrenchment
• B) stability
• C) growth
• D) maturity
• E) cutback

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Definitions:

Reliability

Refers to the consistency and stability of a measure or test over time.

Validity

The extent to which a test, scale, or measuring instrument accurately measures what it is intended to measure.

Predictive Validity

The extent to which a score on a scale or test predicts future performance on a related measure.

School Performance

School performance refers to how well students accomplish their educational tasks and meet the academic requirements of their grade level, often measured through grades and standardized tests.