General Studies · Strategic Management
When a company facing declining profits reduces its operations, divests certain product lines, or exits specific markets, it is adopting a:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Combination Strategy
- 2Retrenchment Strategy✓
- 3Stability Strategy
- 4Growth Strategy
Correct answer
Retrenchment Strategy
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