Question

A struggling manufacturing company recently developed a new vision and radical new strategies to reduce the number of products sold in order to reduce costs. This strategy worked and the company remained in business. The company utilized _______ by developing the new vision and strategies.

a. Downsizing.
b. Rightsizing.
c. Diversification.
d. Innovation.

Answer 1

The struggling manufacturing company utilized the strategy of innovation to reduce costs and remain in business.

Step-by-step explanation:

The struggling manufacturing company utilized the strategy of innovation by developing a new vision and radical new strategies to reduce the number of products sold in order to reduce costs. This strategy allowed the company to remain in business.