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Retrenchment
Strategic Management
Simplify the term retrenchment? As i understood it means cost reduction and activities taken for reduction of expenditures... Right or wrong????
Answers (4)
Harshitha Kalidindi
Retrenchment strategy is when firm slows down It's a strategy where it cuts down and pauses and identify what is gng wrong and takes action The action it takes can be turnaround , divestment, liquidation
i mean, not retrencement strategy.. the term 'retrencement '!
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