With a ________ Strategy,a Company Attempts to Focus on What

question 97

Multiple Choice

With a ________ strategy,a company attempts to focus on what it does best within its established markets and can be thought of as "sticking to its knitting."

• A)concentration
• B)retrenchment
• C)benchmarking
• D)divestment
• E)downsizing

---

Definitions:

Organisational Mission

A statement that outlines an organization's core purpose, focus, and aspirations, guiding its strategies and operations.

Experienced Management

Leadership or managerial teams with significant knowledge and expertise gained through years of practice in a particular field or industry.

Organisational Weaknesses

Organisational weaknesses are areas where an organization lacks strength or capability, impacting its ability to achieve objectives effectively.

Strategic Alliances

In strategic alliances, organisations join together in partnership to pursue an area of mutual interest.