When a company is experiencing an economic recession this is a good time to do what?

A Reduce costs and assets
B Refocus
C Simplify
D Invest

Correct Answer: Refocus

When a company is experiencing an economic recession this is a good time to refocus. The ReFocus Group assists organizations to develop and implement dynamic strategic plans that are valuable to the organization, helping to define its culture, focus its long-term vision, and identify short-term actions steps that motivate proaction.
Bissoy MCQ
#Management #Strategic Management

Related Questions

Which economic theory suggests that government spending and tax cuts can stimulate economic growth during a recession?
A Austerity economics
B Monetarism
C Supply-side economics
D Keynesian economics
Today 's economic recession has______ sufferings of the low-income groups.
A resulted in
B resulted with
C resulted of
D resulted on
After a long recession the economic situation is looking _______________.
A out
B over
C through
D into
______________global economic recession, we may lose our global market of readymade garments
A In the background of
B In the back of
C In the situation of
D In the back-drop of
-------, today's economic recession------- by Covid-19 pandemic and Russia - Ukraine war.
A According to me... Is caused
B in my view..... Is caused
C According to me... is occurred
D In my view... is occurred
The economic recession means that some of our employees ____ redundant in the coming years.
A are being made
B may be made
C should be making
D would be making
Identify which quotation section is incorrect. The company 'will not' survive 'during the' recession 'even they' took 'severe' austerity measures. 'No Error'
A will not
B during the
C even they
D severe
Point out which part is grammatically incorrect. 'Good people will make good laws ' 'but good' 'laws passed by a few' 'does not necessarily make' 'a good society' 'No error'
A good people will make good laws
B laws passed by a few
C do not necessarily make
D a good society
In recent survey of the student of a public university . It is found that 65% students are good in Mathematics and 45% students are good in Mathematics and 45% students are good in Statistics. How many students are good in both Mathematics and statistics of the public university?
A 20%
B 5%
C 15%
D 10%
Countries experiencing global depression of the last year adopted :
A Protection policy
B Expansionary policy
C Contraction policy
D Nondiscriminatory policy

Next steps