During the Great Recession, Malcolm's Racing Bikes Lost a Considerable

question 40

Multiple Choice

During the Great Recession, Malcolm's Racing Bikes lost a considerable amount of its business because customers could no longer afford the expensive models in his shop. He was very near bankruptcy. Malcolm began carrying a line of less expensive bikes to appeal to recreational bicyclists and families and also opened a repair service. Malcolm used a ________ strategy.

• A) retrenchment
• B) diversification
• C) turnaround
• D) reorganization

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Definitions:

Pressure

The force exerted by the substance per unit area on another substance. In automotive contexts, it often refers to the pressure within tires or hydraulic systems.

Dampers

Components of a vehicle's suspension system that control unsprung mass motion through resistance to velocity, providing a smoother ride.

Steering Knuckles

Components of the suspension system that pivot on ball joints, to which the wheels are attached, allowing the wheels to steer.

Control Arms

Components in a vehicle's suspension system that link the chassis to the wheel hub, facilitating smooth movement and steering.