Liquidation – The strategy of last resort
What is liquidation in the strategy of last resort?
Expert
Liquidation – The strategy of last resort:
1. Of all the strategic choices, liquidation is the most painful and unpleasant because of the adversities of work removal and the effects of business closings on local communities.
2. In desperate situations, an early liquidation effort frequently serves owner-stockholder interests better than a predictable bankruptcy.
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