Retrenchment is:
A. When a company experiences declining profits and makes cutbacks to improve efficiency
B. When a company adopts a new strategic position for a product or service
C. The sale of the complete business, either as a single going concern or piecemeal to different buyers or sometimes by auctioning the assets
D. ely to take place when an organization lacks a key success factor for a particular market
Answer: Option A
Solution (By Examveda Team)
Retrenchment is when a company experiences declining profits and makes cutbacks to improve efficiency. Retrenchment is the termination of an employee by an employer for reasons other than a punishment meted out by disciplinary action. Employees terminated in such a manner are financially compensated by the employer.This Question Belongs to Management >> Strategic Management
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