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

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Definitions:

Resource Problem

Challenges associated with the allocation, use, and sustainability of resources, impacting economic and environmental outcomes.

Running Out

A situation where a resource or supply becomes scarce or is completely used up.

Oil

A natural resource used predominantly as a fuel source and in the production of various chemicals and materials.

Elephant Preservation

The conservation efforts aimed at protecting elephants and their habitats, ensuring their survival against threats such as poaching and habitat destruction.