Which of the Following Is NOT an Approach Generally Used

question 82

Multiple Choice

Which of the following is NOT an approach generally used by organizations to try to lower labour costs?

• A) employee development
• B) outsourcing
• C) employee leasing
• D) relocating aspects of their operations to countries in the developing world

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Definitions:

Price Ceiling

A legal maximum price that can be charged for a good or service, typically set by government.

Market for Apartments

The economic interaction of supply and demand determining the rental prices and availability of apartment units.

Black Markets

Illegal trading of goods and services that occurs outside of officially sanctioned channels, often due to laws or regulations.

Price Controls

Legal restrictions on how high or low a market price may go.