A company opesating in the textile industry has overgrown its market As a result, the company can no longer compete successfully and has decided to reduce its size in order to become competitive again. This is known as which of the following strategies? O a retrenchment Ob combination Oc stability Od growth

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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A company operating in the textile industry has overgrown its market As a result, the company can no longer compete successfully and
has decided to reduce its size in order to become competitive again. This is known as which of the following strategies?
O a retrenchment
Ob. combination
Oc sability
Od growth
Transcribed Image Text:A company operating in the textile industry has overgrown its market As a result, the company can no longer compete successfully and has decided to reduce its size in order to become competitive again. This is known as which of the following strategies? O a retrenchment Ob. combination Oc sability Od growth
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