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Significant cost reductions, layoffs of employees, closing of poorly performing stores, offices, or manufacturing plants, or closing or selling entire lines of products or services would be characteristic of a ____ strategy. Firm-level Stability Portfolio Retrenchment

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sandlee09

Answer:

Retrenchment

Explanation:

Based on the information provided within the question it can be said that these are all characteristic of a retrenchment strategy. This strategy basically focuses on reducing costs within a company from as many organizational divisions as possible in order to survive. Which includes layoffs of employees, closing of poorly performing stores, offices, or manufacturing plants, etc. up to the bare necessities that the company needs to continue operations.

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