22.
Consider the following statements and identify the correct answer of true statements.
1. When an organisation's survival is threatened and it is not competing effectively, retrenchment strategies are often needed.
2. Turn around strategy is used when an organisation is performing well but has not yet reached a critical stage.
3. Divestment strategy involves selling the business or setting it up as a separate corporation.
4. Liquidation strategy involves closure of business which is no longer profitable.

24.
Which of the following step involves translation or the practical application of chosen strategy into actions in order to achieve the objective and goals of organisation?

27.
Which of the following are short-term decisions that are taken on a daily basis keeping in mind the needs and welfare of the employees?

29.
Which of the following is not a step in strategy formulation?

30.
Which of the following statement is not true?

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