201. ___ is a strategy designed for situations in which the organization’s performance problems are very serious, as reflected by its performance measures.A. RetrenchmentB. TurnaroundC. ExpansionD. Diversification AnswerB. Turnaround 202. ___ is a radical redesign of the organization’s business processes.A. ReengineeringB. DownsizingC. BankruptcyD. Expanding AnswerA. Reengineering 203. Which of the following restructuring actions involves laying…