Retrenching to a narrower diversification base is Group of answer choices a strategy that allows a diversified firm's energies to be concentrated on building strong positions in a smaller number of businesses rather the stretching its resources and managerial attention too thinly across many businesses. sometimes an attractive option for deepening a diversified company's technological expertise and supporting a faster rate of product innovation. a strategy best reserved for companies in poor financial state. an attractive strategy option for revamping a diverse business lineup that lacks strong cross-business financial fit. usually the most attractive long-run strategy for a broadly diversified company confronted with recession, high interest rates, mounting competitive pressures in several of its businesses, and sluggish growth.