Retrenchment Strategy
Strategy reducing business scope/operations; cutting back.
Real World
In 2020, Marks & Spencer retrench by closing 67 clothing and home stores and cutting 7,000 jobs to refocus on food and online retail amid falling high-street sales.
Exam Focus
Always link retrenchment to a specific trigger (falling profits, market exit) — examiners penalise vague answers lacking business context.
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