The reduction in the size of company size?
Correct answer: B. Consolidation
- A. Geographic expansion
- B. Consolidation
- C. Diversification
- D. Horizontal integration
Explanation
Consolidation generally involves reducing or combining parts of a company to create a smaller, more streamlined organization. Diversification adds businesses, while geographic expansion increases scope rather than reducing size.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Principles of Management
Management principles explain how organisations set objectives and coordinate people and resources to achieve them. Coverage includes planning, organising, staffing, directing, coordinating and controlling, along with authority, responsibility, delegation, span of control and the levels of management. These functions are related but not interchangeable, especially planning and controlling.
Practise Principles of Management
138 free Principles of Management MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Principles of Management questions
The 'market leadership' can be the best classified as?
A company can translate mission into strategic objectives by?
The company 'Asian paints' operates in 18 countries is an example of?
A company 'Apollo' tyres diversifying in entertainment business can be a classic example of?
The first step in the planning process is to?
Each department of the company helps in achieving company goals is referred as?