Question

WJ Group Inc., a large multinational conglomerate, had begun to experience declining revenues over the years. The top management at the headquarters of the company decided that it was important for the company to avoid deviating from its core competencies. Thus, a few of the company's key businesses like energy, telecommunications, and automobiles were centralized, giving the top management more control over them. Also, relatively newer businesses like beverages and food processing were divested. In this scenario, WJ Group is involved in ____.

Answer 1

Restructuring

Step-by-step explanation:

Restructuring -

It is the process by which the company tries to chnage its operational and financial aspects , in the case , when the business is under very high financial pressure , is known as the process of restructuring .

This method involves the adjustment of the debt in order to reduce any loss financially .

The task is done by reducing the costs , or size of the sales via the sale of the assets .

hence ,

The WJ group is facing the decline in the revenues , and therefore , get involved in restructuring .