Serrano, a Clothing and Apparel Company, Suffered Major Losses When

Serrano, a clothing and apparel company, suffered major losses when one of its warehouses was destroyed in a fire mishap. In an attempt to make up for these losses, it had to sell one of its product lines to a rival company. Which of the following grand strategies was used by Serrano in this scenario?

A) The stability strategy
B) The growth strategy
C) The retrenchment strategy
D) The acquisition strategy

Correct Answer:

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