Retrenchment is:

Question $47$Answer

a$.$

When a company experiences declining profits and makes cutbacks to improve efficiency;

b$.$

When a company adopts a new strategic position for a product or service;

c$.$

The sale of the complete business, either as a single going concern or piecemeal to different buyers or sometimes by auctioning the assets;

d$.$

Implement the marketing function$$s strategic planning and management decisions.