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:

Compete

To strive against others for the purpose of gaining an advantage, winning a position, or achieving superiority in a field.

Manufacturing

The process of converting raw materials into finished goods through the use of labor, machinery, and processing.

Transformation Processes

What a business does to add value to inputs in converting them to outputs.

Active Practices

Methods or routines actively engaged in to achieve a certain objective or to improve performance.