The Systematic,widespread Withdrawal of Investment in Basic Aspects of Productivity

question 101

Multiple Choice

The systematic,widespread withdrawal of investment in basic aspects of productivity such as factories and plants is known as

• A)downsizing.
• B)shrink wrapping.
• C)deindustrialization.
• D)modernization.

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Definitions:

Economizing Behavior

The practice of seeking to achieve maximum utility with limited resources, leading to optimal decision making.

Lowest Cost Method

A principle of optimizing operations or production by minimizing the costs involved in the process.

Objectives

Objectives refer to the specific, measurable goals individuals or organizations aim to achieve.

Benefit

An advantage, gain, or positive outcome derived from a specific action, decision, or product.