GENERAL KNOWLEDGE

Detailed explanation-1: -The defender strategy is almost the opposite of the prospector. Rather than taking risks and seeking out new opportunities, the defender strategy is concerned with stability or even retrenchment. This strategy seeks to hold on to current customers, but it neither innovates nor seeks to grow.

Detailed explanation-2: -Combination Strategy is designed to mix growth, retrenchment, and stability strategies and apply them across a corporation’s business units. A firm Page 6 10 Corporate Level Strategy adopting the combination strategy may apply the combination either simultaneously (across the different businesses) or sequentially.

Detailed explanation-3: -A turnaround plan is a retrenchment strategy that reduces the harmful tendencies that affect the performance of the business. It is a management strategy that has the potential to revive a failing company.

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: -Stability strategy in strategic management is a type of strategy which is adopted by an organization that attempts to maintain its current position and focuses only on incremental growth.