Question

_________ is another term for a defensive strategy. multiple choice a fixed plan the aggressive approach a stability strategy a growth strategy a retrenchment strategy

Answer 1

A retrenchment strategy is another term for a defensive strategy.
Companies use the retrenchment strategy with the goal to reduce the diversity or the overall size of the operations of the company and by doing so to cut expenses and reach to a more stable financial position.
This strategy will revitalize the organizational resources.