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

question 82

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. If ICI is successful in making the needed changes, it will more than likely implement a____________ strategy.

• A) harvesting
• B) revitalization
• C) diversification
• D) revival
• E) recovery

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Definitions:

Sustainability Programs

Initiatives aimed at promoting environmental, economic, and social well-being for the present and future, focusing on reducing negative impacts and conserving resources.

Supply Chain Members

The entities involved in the production, handling, and distribution process of a product, from raw materials to end customers.

Purchase Decisions

The process of evaluating and choosing from different products or services to meet a need or requirement.

Sustainability Initiatives

Efforts or policies implemented by corporations or governments aimed at promoting environmental sustainability and reducing the negative impact on the environment.