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Retrenchment is

This question belongs to Management Strategic Management
Strategic Management
?

Retrenchment is:

Answer & Solution
Correct Answer: Option A
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.
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