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JAMB Commerce 2004 Question 31

Question 31

Business Management

The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is

  1. A.rejuvenation
  2. B.focus
  3. C.diversification
  4. D.consolidation
Show the answer and explanation

Answer: D (consolidation)

Explanation

Closing branches that are not doing well and concentrating operations in fewer places is consolidation. Diversification is the opposite: spreading into new lines.