Which strategy did circuit city use in 2008 when it converted its retail stores to cash?
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strategy did Circuit City use in 2008 when it converted its retail stores to cash?
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liquidation
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Answer:
Liquidation
Explanation:
Liquidation is the process of bringing a business to an end and distributing its assets to claimants. A bankrupt business is no longer in existence once the liquidation process is complete. Liquidation can also refer to the process of selling off inventory, usually at steep discounts . This is done to prevent bankruptcy and becoming Non Performing Asset . Selling the Share , bonds etc are part of liquidation process .
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