Strategic Management - Study Mode

[#156] Retrenchment is:
Correct Answer

(A) When a company experiences declining profits and makes cutbacks to improve efficiency

Explanation

Solution: 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.

[#157] Which of the following is a temporary strategy that requires a firm to proceed slowly and cautiously with any particular strategy?
Correct Answer

(D) Caution strategy

[#158] Market growth share lies on the vertical axis and Relative market share are a part of . . . . . . . .
Correct Answer

(B) BCG matrix

[#159] Which of the following is a broad primary outcome or the end result in long-term?
Correct Answer

(D) Goal

[#160] At which level in the company should market oriented strategic planning begin?
Correct Answer

(A) Corporate level