Q50
Retrenchment is:
A.
When a company experiences declining profits and makes cutbacks to improve efficiency
AnswerB.
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.
ely to take place when an organization lacks a key success factor for a particular market
Answer: Option A
Solution
Answer: Option A
Solution:
Retrenchment is when a company experiences declining profits and makes cutbacks to improve efficiency. Retrenchment is the termination of an employee by an employer for reasons other than a punishment meted out by disciplinary action. Employees terminated in such a manner are financially compensated by the employer.