Asked by Nirvir Khosa on Jul 05, 2024
Verified
Downsizing is an effective way to:
A) gain the advantages of small businesses.
B) increase organizational tasks.
C) reduce entrepreneurial spirit among employees.
D) increase the management layers.
E) gain employee trust.
Downsizing
The reduction of a company’s workforce to lower expenses, often involving layoffs of employees as a measure to sustain or improve the business.
Organizational Tasks
Activities and responsibilities allocated within an organization to achieve its objectives and maintain its operations.
- Comprehend strategies for business downsizing and its effects on company structure and operations.
Verified Answer
AK
Akshay KandwalJul 08, 2024
Final Answer :
A
Explanation :
Downsizing is often pursued to make organizations more nimble and to gain some of the advantages that smaller businesses have, such as flexibility, lower overhead costs, and the ability to react more quickly to market changes.
Learning Objectives
- Comprehend strategies for business downsizing and its effects on company structure and operations.
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