Which of the Following Is an Economic Factor Affecting Labour

question 71

Multiple Choice

Which of the following is an economic factor affecting labour relations in terms of the shift from manufacture of goods to the production of services:

• A) deregulation
• B) mergers
• C) deindustrialization
• D) globalization
• E) downsizing

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Definitions:

Promotional Campaigns

Organized efforts and marketing strategies aimed at promoting a specific product, service, or event to increase awareness or sales.

Consumer Preferences

The tastes, habits, and choices that are favored by consumers, influencing their purchasing decisions.

Product Invention

The process of creating a new product or significantly improving an existing one to fulfill customer needs.

Global Need

A demand or requirement that transcends local or national boundaries, often addressing fundamental human rights, environmental sustainability, or technological advancement.