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Consider the following statements and identify the correct code:
(a) When an organisation's survival is threatened and it is not competing effectively, retrenchment strategies are often needed.
(b) Turnaround strategy is used when an organisation is performing well, but has not yet reached a critical stage.
(c) Divestment strategy involves selling the business or setting it up as a separate corporation.
(d) Liquidation strategy involves closure of business which is no longer profitable.
(b) Turnaround strategy is used when an organisation is performing well, but has not yet reached a critical stage.
(c) Divestment strategy involves selling the business or setting it up as a separate corporation.
(d) Liquidation strategy involves closure of business which is no longer profitable.
- a)Only (a), (b) and (c) are correct.
- b)Only (b), (c) and (d) are correct.
- c)Only (a), (c) and (d) are correct.
- d)Only (a) and (d) are correct.
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements and identify the correct code:(a) Wh...
The retrenchment strategy is adopted when an organisation aims at reducing its one or more business operations with the view to cut expenses and reach to a more stable financial position. When an organisation's survival is threatened and it is not competing effectively, retrenchment strategies are often needed. There are three types of retrenchment strategies:
(1) Turnaround: This is a retrenchment strategy followed by an organisation when it feels that the decision made earlier is wrong and needs to be undone before it damages the profitability of the company.
(2) Divestment: This strategy involves selling the business or setting it up as a separate corporation.
(3) Liquidation: This strategy involves closure of business which is no longer profitable.
(2) Divestment: This strategy involves selling the business or setting it up as a separate corporation.
(3) Liquidation: This strategy involves closure of business which is no longer profitable.
Hence, only (a), (c) and (d) are correct.
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Consider the following statements and identify the correct code:(a) Wh...
Explanation:
Retrenchment Strategy:
- Statement (a) is correct as retrenchment strategies are often needed when an organization's survival is threatened and it is not competing effectively.
Turnaround Strategy:
- Statement (b) is incorrect. Turnaround strategy is used when an organization is not performing well and is at a critical stage, not when it is performing well.
Divestment Strategy:
- Statement (c) is correct. Divestment strategy involves selling the business or setting it up as a separate corporation.
Liquidation Strategy:
- Statement (d) is correct. Liquidation strategy involves the closure of a business that is no longer profitable.
Therefore, the correct code is option 'C' which states that statements (a), (c), and (d) are correct.
Retrenchment Strategy:
- Statement (a) is correct as retrenchment strategies are often needed when an organization's survival is threatened and it is not competing effectively.
Turnaround Strategy:
- Statement (b) is incorrect. Turnaround strategy is used when an organization is not performing well and is at a critical stage, not when it is performing well.
Divestment Strategy:
- Statement (c) is correct. Divestment strategy involves selling the business or setting it up as a separate corporation.
Liquidation Strategy:
- Statement (d) is correct. Liquidation strategy involves the closure of a business that is no longer profitable.
Therefore, the correct code is option 'C' which states that statements (a), (c), and (d) are correct.
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Consider the following statements and identify the correct code:(a) When an organisations survival is threatened and it is not competing effectively, retrenchment strategies are often needed.(b) Turnaround strategy is used when an organisation is performing well, but has not yet reached a critical stage.(c) Divestment strategy involves selling the business or setting it up as a separate corporation.(d) Liquidation strategy involves closure of business which is no longer profitable.a)Only (a), (b) and (c) are correct.b)Only (b), (c) and (d) are correct.c)Only (a), (c) and (d) are correct.d)Only (a) and (d) are correct.Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements and identify the correct code:(a) When an organisations survival is threatened and it is not competing effectively, retrenchment strategies are often needed.(b) Turnaround strategy is used when an organisation is performing well, but has not yet reached a critical stage.(c) Divestment strategy involves selling the business or setting it up as a separate corporation.(d) Liquidation strategy involves closure of business which is no longer profitable.a)Only (a), (b) and (c) are correct.b)Only (b), (c) and (d) are correct.c)Only (a), (c) and (d) are correct.d)Only (a) and (d) are correct.Correct answer is option 'C'. Can you explain this answer? for UGC NET 2024 is part of UGC NET preparation. The Question and answers have been prepared according to the UGC NET exam syllabus. Information about Consider the following statements and identify the correct code:(a) When an organisations survival is threatened and it is not competing effectively, retrenchment strategies are often needed.(b) Turnaround strategy is used when an organisation is performing well, but has not yet reached a critical stage.(c) Divestment strategy involves selling the business or setting it up as a separate corporation.(d) Liquidation strategy involves closure of business which is no longer profitable.a)Only (a), (b) and (c) are correct.b)Only (b), (c) and (d) are correct.c)Only (a), (c) and (d) are correct.d)Only (a) and (d) are correct.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UGC NET 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements and identify the correct code:(a) When an organisations survival is threatened and it is not competing effectively, retrenchment strategies are often needed.(b) Turnaround strategy is used when an organisation is performing well, but has not yet reached a critical stage.(c) Divestment strategy involves selling the business or setting it up as a separate corporation.(d) Liquidation strategy involves closure of business which is no longer profitable.a)Only (a), (b) and (c) are correct.b)Only (b), (c) and (d) are correct.c)Only (a), (c) and (d) are correct.d)Only (a) and (d) are correct.Correct answer is option 'C'. Can you explain this answer?.
Consider the following statements and identify the correct code:(a) When an organisations survival is threatened and it is not competing effectively, retrenchment strategies are often needed.(b) Turnaround strategy is used when an organisation is performing well, but has not yet reached a critical stage.(c) Divestment strategy involves selling the business or setting it up as a separate corporation.(d) Liquidation strategy involves closure of business which is no longer profitable.a)Only (a), (b) and (c) are correct.b)Only (b), (c) and (d) are correct.c)Only (a), (c) and (d) are correct.d)Only (a) and (d) are correct.Correct answer is option 'C'. Can you explain this answer? for UGC NET 2024 is part of UGC NET preparation. The Question and answers have been prepared according to the UGC NET exam syllabus. Information about Consider the following statements and identify the correct code:(a) When an organisations survival is threatened and it is not competing effectively, retrenchment strategies are often needed.(b) Turnaround strategy is used when an organisation is performing well, but has not yet reached a critical stage.(c) Divestment strategy involves selling the business or setting it up as a separate corporation.(d) Liquidation strategy involves closure of business which is no longer profitable.a)Only (a), (b) and (c) are correct.b)Only (b), (c) and (d) are correct.c)Only (a), (c) and (d) are correct.d)Only (a) and (d) are correct.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UGC NET 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements and identify the correct code:(a) When an organisations survival is threatened and it is not competing effectively, retrenchment strategies are often needed.(b) Turnaround strategy is used when an organisation is performing well, but has not yet reached a critical stage.(c) Divestment strategy involves selling the business or setting it up as a separate corporation.(d) Liquidation strategy involves closure of business which is no longer profitable.a)Only (a), (b) and (c) are correct.b)Only (b), (c) and (d) are correct.c)Only (a), (c) and (d) are correct.d)Only (a) and (d) are correct.Correct answer is option 'C'. Can you explain this answer?.
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ample number of questions to practice Consider the following statements and identify the correct code:(a) When an organisations survival is threatened and it is not competing effectively, retrenchment strategies are often needed.(b) Turnaround strategy is used when an organisation is performing well, but has not yet reached a critical stage.(c) Divestment strategy involves selling the business or setting it up as a separate corporation.(d) Liquidation strategy involves closure of business which is no longer profitable.a)Only (a), (b) and (c) are correct.b)Only (b), (c) and (d) are correct.c)Only (a), (c) and (d) are correct.d)Only (a) and (d) are correct.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice UGC NET tests.
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