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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????

mugi Mugilan

CA Final

★ 12K+

24-Mar-23 18:10

299

Answers (4)

Best Answer

Retrenchment means cutting down or reduction (used in context of expenses)

CA Suraj Lakhotia

Admin

26-Mar-23 18:17

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

Harshitha Kalidindi

CA Final

★ 45K+

24-Mar-23 20:02

Harshitha Kalidindi

i mean, not retrencement strategy.. the term 'retrencement '!

Thread Starter

mugi Mugilan

CA Final

★ 12K+

25-Mar-23 10:38

CA Suraj Lakhotia Admin

Retrenchment means cutting down or reduction (used in context of expenses)

Thank you sir🤩

Thread Starter

mugi Mugilan

CA Final

★ 12K+

27-Mar-23 21:58

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