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Answer Posted / saswat barpanda
Retrenchment is a corporate-level strategy that seeks to
reduce the size or diversity of an organization's
operations. Retrenchment is also a reduction of
expenditures in order to become financially stable.
Retrenchment is a pullback or a withdrawal from offering
some current products or serving some markets.Retrenchment
is often a strategy employed prior to or as part of a
Turnaround strategy.
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