Question

which strategy is also known as turnaround strategy​

Answer 1

Answer:

retrenchment strategy

It is a strategy to convert a loss making industrial unit to a profitable one. Turnaround is a restructuring process that converts the loss-making company into a profitable one.

Answer 2

Answer:

Retrenchment strategy

It is a strategy to convert a loss making industrial unit to a profitable one. Turnaround is a restructuring process that converts the loss-making company into a profitable one.

Hope it helps uh