GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Strategies formulated to convert a sick unit to healthy is referred to:
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Expansion
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Turnaround
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Stabilisation
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Diversification
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Explanation:
Detailed explanation-1: -A turnaround strategy is a restructuring approach devised to make an organization profitable again by reviving a sick or loss making business unit.
Detailed explanation-2: -Principles of Management are guidelines and frameworks that help managers to run their organisation efficiently and effectively. It helps them in the day-to-day functioning and while framing the organisation’s goals and objectives.
There is 1 question to complete.