Downscoping Represents a Reduction in the Number of a Firm's

question 57

True/False

Downscoping represents a reduction in the number of a firm's employees and sometimes in the number of its operating units, but it may or may not represent a change in the composition of businesses in the firm's portfolio.

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Definitions:

French and Indian War

A conflict between France and Britain (1754-1763) in North America, part of a larger series of wars known as the Seven Years' War.

Communications Revolution

A significant change in the way information is transmitted and received, often attributed to advancements in technology such as the internet.

Enlightenment

An intellectual and philosophical movement in the 17th and 18th centuries emphasizing reason, individualism, and skepticism of traditional doctrines.

Consumerism

The cultural model that encourages the acquisition of goods and services in ever-increasing amounts.