BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Combination Strategy is designed to mix growth, retrenchment, and stability strategies and apply them across a corporation’s business units.

Detailed explanation-2: -What are Stability, Expansion, and Retrenchment Strategies? Strategies used to make decisions regarding the allocation of resources or pursuing an operational strategy are often categorized as stability strategies, expansion (growth) strategies, retrenchment strategies, or combination strategies.

Detailed explanation-3: -Corporate-level strategies often belong to these 4 main types: expansion (growth), stability, retrenchment, and combination.

Detailed explanation-4: -Answer and Explanation: The correct answer is A) A turnaround strategy. Reason: Retrenchment is one technique utilized by a business firm to terminate or reduce employees. The employees get terminated because surplus or extra labor is present in a company.

Detailed explanation-5: -In other words, the strategy used when a company discontinues its operations through a significant reduction in its business operations is known as the retrenchment strategy. This can be applied to customer groups, customer functions, and technology alternatives individually or collectively.