Which of the Following Policies Would Increase fiRms' Adaptability to Technological

question 32

Multiple Choice

Which of the following policies would increase firms' adaptability to technological developments in the economy?

• A) Reducing the level of redundancy payments to workers.
• B) Increasing the size of the labour force in the economy.
• C) Providing tax breaks for research and development.
• D) Strengthening trade unions through legislation.

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Definitions:

Plant Capacities

The maximum output or production ability of a manufacturing facility or plant within a given time period.

Cost Leadership

A competitive advantage strategy by minimizing operational costs to offer products or services at the lowest price in the market.

Manufacturing Facilities

Locations where products are produced or assembled.

Capacity Allocation

The process of assigning available resources or space to various operations, tasks, or productions within an organization.