Downsizing Entails

question 42

Multiple Choice

Downsizing entails:

• A)decreasing the product price.
• B)decreasing the amount of units sold at a retail location.
• C)decreasing the size of the package.
• D)creating a new product line.
• E)getting rid of a product,service,or business.

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Definitions:

Outsourcing

The practice of hiring third parties to perform services or produce goods that were previously handled in-house, typically to cut costs and improve efficiency.

Outsourced Service

A business practice where a company hires another organization to perform services, handle operations, or provide services that are either difficult to manage or are outside the company's expertise.

Considerations

Various factors or aspects that must be taken into account when making decisions or evaluating situations.

Transactions

Transactions refer to the act of conducting business or commercial exchanges between parties, involving the transfer of goods, services, money, or information.