Answered

Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Discover the answers you need from a community of experts ready to help you with their knowledge and experience in various fields. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

a company that gradually phases out product lines or liquidates its inventory is pursuing a ________ strategy.

Sagot :

Martebi

The strategic management process involves the establishment of a company's the mission and vision, its grand strategy and the formulation of its strategic plans and control.

  • A company that gradually phases out product lines or liquidates its inventory is pursuing a defensive strategy.

  • A defensive strategy is also called retrenchment strategy. its is a strategy that involves reducing in the organization's efforts.

  • Example: It reduces costs when a company tightens expenses such as It can sell off (liquidate) assets—land, buildings, inventories, and the like.

Defensive strategy helps organizations to gradually reduce cost and phase out product lines or services. .

Learn more from

https://brainly.com/question/17498172

Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.