To address limited, short-term problems, a company is most likely to employ a ________ strategy
A) retrenchment
B) turnaround
C) doomsday
D) self-critical
Answer: A
Explanation: When the problems of a troubled organization are limited, a retrenchment strategy is typically employed, which helps cut costs and stabilize the company so it can compete successfully, making "retrenchment" the correct response. When problems are more drastic, a turnaround strategy is employed. Doomsday and self-critical approaches are not recognized renewal strategies, so these choices are incorrect.
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