Abdullah group of industries is involved in the sale of its marginal business. It is most likely to say that Abdullah group is implementing which one of the following strategies?
A. Retrenchment
B. Liquidation
C. Acquisition
D. Join venture
Answer: Option A
Solution(By Examveda Team)
Retrenchment can entail selling off land and buildings to raise needed cash, pruning product lines, closing marginal businesses, closing obsolete factories, automating processes, reducing the number of employees, and instituting expense control systemsThis Question Belongs to Management >> Strategic Management
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I guess it should be A or B