During a Recession, When Workers' Incomes Drop, Services Such as Fast

question 28

Multiple Choice

During a recession, when workers' incomes drop, services such as fast food and repair

• A)hire more workers to improve service.
• B)train workers more intensely.
• C)invest in more technology to raise productivity.
• D)move from the market back to home production.
• E)supervise workers more closely to reduce pilferage.

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Definitions:

Full-time Employees

Employees who work a standard work week, typically defined by the employer, and often receive benefits such as health insurance.

Over-time

Additional hours worked beyond the standard workweek, typically compensated at a higher pay rate.

SWOT Analysis

A strategic planning tool used to identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Weaknesses

Attributes or areas that require improvement to reach desired goals or to maintain competitiveness.