Multiple Choice
In an attempt to stop declining profitability, Chimos Inc., a chemical company, removed petrochemical products from its production and concentrated on specialty chemicals, a less capital-intensive, less cyclical business. What type of a grand strategy was Chimos Inc. using?
A) Retrenchment
B) Stability
C) Growth
D) Maturity
E) Acquisition
Correct Answer:
Verified
Correct Answer:
Verified
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