An Iowa ethanol production company has been suffering from a combination of lower demand for gasoline (into which its product is mixed) and higher corn prices (which is the largest input cost). It has responded by selling off land, buildings, and some of its reserve product inventory. This is a variation of which of these grand strategies?
A. Right-size
B. Growth
C. Stability
D. Defensive
E. Reorganization
D. Defensive
A defensive strategy or a retrenchment strategy, is a grand strategy that involves reduction in the organization's efforts. In a variation of this strategy, it can sell off (liquidate) assets like land, buildings, inventories, and the like.
You might also like to view...
Talent management initiatives that are designed to create a steady supply of high-performing individuals for advancement at all levels of an organisation are designed to create which of the following:
a. talent pipeline b. talent conveyor c. talent escalator d. talent runway
Which of the following represents B2B marketing?
A. a high school club selling water bottles at a football game B. a restaurant selling food to its customers C. a steel manufacturer selling rolled steel to an automaker D. a business owner buying products at a wholesale outlet for her personal use. E. a cell phone company opening a new retail store
A thank-you note to an interviewer should
A) resell the interviewer on your strongest work experience. B) refer to your résumé in providing supporting evidence of your qualifications. C) be handwritten to reflect the personal touch. D) open with an expression of appreciation and pleasure in meeting the interviewer.
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the balance in the Treasury Stock account on August 2?
A. $1,200 Credit. B. $1,200 Debit. C. $2,600 Credit. D. $5,050 Debit. E. $100 Credit.