Question
What is the term used to describe the process of
discontinuing a product, service, or business unit due to low profitability or market demand?Solution
Retrenchment refers to the process of discontinuing a product, service, or business unit due to low profitability, market demand, or strategic reasons. It involves scaling back operations or divesting assets to focus on core business activities and improve overall performance.
More Organisation Behaviour Questions
Find the wrong number in the given number series.
16.5, 31, 82.5, 165, 412.5, 825169, 224, 293, 385, 497, 629
1, 5, 40, 385, 5005, 85085
- Find the wrong number in the given number series.
27, 38, 52, 70, 94, 122 - In the given number series, find the wrong number.
3, 6, 12, 25, 48, 96, 192 Find the wrong number in the given number series.
120, 240, 180, 160, 80, 32
35, 44, 28, 53, 19, 66
164, 141, 122, 105, 92, 80
- Find the wrong number in the given number series.
50, 64, 90, 134, 190, 260 20, 95, 220, 275, 620, 895
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