1. During the past several decades, many large hospitality businesses - such as McD., Marriott International - have invested into international markets such as Asia, Europe, and other places. They did this to increase the value of the firm. To which type of policy does this belong?

1) This policy is restructuring the dwindling businesses within itself.

2) It is a tactic of expanding the current operations into the existing market.

3) It is the policy of creating a new line of operations.

4) It is the policy of increasing the rate of return from the existing operations.

2. Several years ago, Darden Corporation has sold its Red Lobster brand to an external business; and now Darden does not own it any more. To which policy does this decision belong?

1) It is the policy of expanding its current operations to the existing market.

2) It is the policy of increasing the rate of return by reduing costs.

3) It is the policy of restructuring the dwindling operations.

4) It is the policy of creating a new line of operations.

3. "We have decided to reduce our labor force by 15%. Although it was a very hard decision, it is necessary for us to survive the current hard times we are facing. We firmly believe that this decision will continuously serve our shareholders with the highest return in the future."

To which type of policy does this decision belong?

1) Increasing the rate of return from existing operations

2) Expanding the current operations into the existing market

3) Creating new lines of operations

4) Restructuring the dwindling line of operatoins