Retrenchment Is

question 6

Multiple Choice

Retrenchment is:

• A) the third life cycle stage.
• B) a stage marked by a stabilization of demand.
• C) a type of life cycle stage following a boom in which there is a rapid decrease in the number of firms.
• D) an organizational life cycle stage in which established firms must find new approaches to improve the business.

---

Definitions:

Recognize

To identify someone or something from having encountered them before; to acknowledge the existence, validity, or legality of something.

Client Records

Confidential documents that contain personal and sensitive information about individuals receiving services from professionals.

Performance Evaluation

The systematic assessment of an employee's work performance, usually conducted on a regular basis.

Accurately

Refers to the degree of closeness of a measurement to the true or accepted value.