Firms Use Downsizing as a Restructuring Strategy for Different Reasons,but

question 2

Multiple Choice

Firms use downsizing as a restructuring strategy for different reasons,but the most frequently cited one is:

• A) poor unit performance from decreasing industry attractiveness.
• B) decreasing market share from increasing industry competition.
• C) shifting industry characteristics.
• D) an expectation of improved profitability from cost reductions and more efficient operations.

Understand and identify various strategic elements of a social media campaign including content calendars, SWOT analysis, organizational structures, strategies, and goals.

Distinguish between strategic plan components such as brand voice, strategies, tactics, objectives, and goals.

Assess the importance and components of a budget within social media marketing efforts.

Recognize the value and components of mission, vision, and brand statements in defining an organization's direction and purpose.

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Definitions:

Scarcity

A basic economic challenge where human desires appear endless but the resources available are finite.

Positive Statements

Assertions about the world that are factual and can be tested for accuracy.

Normative Statements

Assertions about how the world ought to be, reflecting opinions and subjective values rather than empirical facts.

Normative Statement

An assertion that expresses a value judgment or opinion, discussing what ought to be rather than what is.