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vredina [299]
3 years ago
14

Serrano, a clothing and apparel company, suffered major losses when one of its warehouses was destroyed in a fire mishap. In an

attempt to make up for these losses, it had to sell one of its product lines to a rival company. Which of the following grand strategies was used by Serrano in this scenario?a. The stability strategyb. The growth strategyc. The retrenchment strategyd. The acquisition strategy
Business
1 answer:
DENIUS [597]3 years ago
3 0

Answer:

retrenchment strategy.

Explanation:

The retrenchment strategy is a way that businesses reduce cost in order to become financially stable. Usually this strategy is used when a business withdraws from a particular market or stops offering a product or service with the hope that it will gain positive financial results.

There are three type the turnaround strategy, divestment strategy, and liquidation strategy.

In the given instance due to fire aserrano decided to sell one of its product lines in order to recover it's losses.

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Svetradugi [14.3K]
Bobby is the person on the team who receives the lowest customer service ratings. This problem can be solved by using a simple logic of a sentence sequence. In this sequence, Bobby has never outperformed anyone and Hector has outperformed everybody in the statement. Therefore, we can conclude that Bobby has the lowest rating of all.
4 0
3 years ago
The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,460,000, and the December 31, 2016, balance sh
victus00 [196]

Answer:

- $140,000

Explanation:

The Cash flow to creditors = Interest paid - Net new borrowing

                                           = Interest paid - (Ending Long term debt - Beginning Long term debt)

                                         = $100,000 - ($1,700,000 - $1,460,000)

                                         = $100,000 - $240,000

                                         = - $140,000

Therefore, the cash flow to creditors is - $140,000.

4 0
3 years ago
Benefits of having a strong brand image
Morgarella [4.7K]

Answer:

benefits of building and maintaining a strong brand are endless: customer recognition, word-of-mouth marketing, customer loyalty, enhanced credibility, and ease of purchase, to name a few. Your brand is one of your company's most valuable assets.

8 0
3 years ago
What are the three most critical components that a marketer needs to examine to segment a market effectively?
Georgia [21]
1. Identifiability (and measurability)
2. Accessibility
3. Responsiveness

1. Identifiability
    - the target market must be identifiable to determine which of the
      consumers belong to the segment. The target market must be well-
      defined and measurable, particularly in terms of population, income, and
      age bracket. 

2. Accessibility
    - this refers to the ease of reaching the identified market segment in terms
      of geography and economy with appropriate market strategies. 

3. Responsiveness
    - the target market should be evaluated if they will respond (i.e. purchase)
      the products and services created for them. There is little point in
      identifying a market, creating a product, and developing marketing
      strategies if the consumers themselves see little value in what is being
      offered to them. Thus, the products and services must meed the
      consumers' or organizations' needs. 
4 0
3 years ago
Which of the following types of teams is the most autonomous?A. Self-managing teamsB. Quality circlesC. Semiautonomous work grou
coldgirl [10]

Explanation:

Autonomy -

It is refers to the degree to which the workers have the freedom , discretion , independence , so as to decide when and how to accomplish their jobs .

Hence , from the options given in the question ,

  • The most autonomous are the self designing teams and the  self - managing teams .
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  • The moderate autonomous is the semi autonomous work groups .
7 0
3 years ago
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