Which Guideline for Successful Downsizing Encourages an Organization to Spend

question 2

Multiple Choice

Which guideline for successful downsizing encourages an organization to spend the time to research where money is going and to eliminate the task that does not add value to what the firm is producing?

• A) Develop value-added jobs to balance out job elimination.
• B) Plan for long-run efficiencies.
• C) Eliminate unnecessary work.
• D) Invest in remaining employees.
• E) Outsource everything.

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Definitions:

Compensation

The total amount of the monetary and non-monetary pay provided to an employee in return for work performed as required.

Two-Tier Wage System

An employment system where new employees are paid less than existing employees for doing the same job, often used to reduce costs.

Product Market

The marketplace where final goods or services are traded between sellers and buyers, focusing on competition, supply, and demand dynamics.

Customer Bases

The group of customers who repeatedly purchase the goods or services of a business.