The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is?

Richie_rich24

3 months ago

The correct answer is:
D. consolidation
Explanation:
Consolidation is a strategy where a firm reduces operations, closes underperforming branches, or scales back to focus on its core, active areas.
The goal is usually to strengthen the organization’s position and improve efficiency by cutting down on unproductive activities.
Other options:
A. rejuvenation – This is about reviving or renewing declining products or operations.
B. focus – This strategy targets a specific market segment or niche.
C. diversification – This involves expanding into new products or markets.