The company's profits fell sharply. ______, it decided to close two of its offices.

Answer and explanation

Correct answer: C. As a result

  1. Step 1: 'As a result' introduces a consequence of the fall in profit.
Answer
As a result.
Why not the others: "In addition to" is wrong because 'in addition to' needs a noun phrase and adds information. "On the contrary" is wrong because 'on the contrary' denies a previous statement. "Likewise" is wrong because 'likewise' compares similarity, not result.

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