Which of the following is an example of a company using a retrenchment strategy?

A. A declaration of the company's core purpose and focus

B. A financial forecast for the next fiscal year

C. A detailed plan for marketing activities

D. A list of products and services offered

A. Increase production efficiency

B. Identify and target specific customer groups

C. Reduce marketing costs

D. Expand into new markets

A. Acquiring a competitor in the same industry

B. Opening new retail locations

C. Developing new product lines

D. Entering a new geographic market

A. Declining sales

B. High levels of competition

C. Slow market expansion

D. Increasing customer base

A. Higher production costs

B. Limited reach

C. Greater ability to measure results

D. Less engagement with customers

A. The increase in costs per unit as production volume increases

B. The decrease in costs per unit as production volume increases

C. The ability to charge higher prices due to brand strength

D. The benefits of diversifying into multiple markets