Perhaps the Greatest Cost of Downsizing Is the Social Cost

question 6

True/False

Perhaps the greatest cost of downsizing is the social cost to employees.

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Definitions:

Consolidate Manufacturing

The process of centralizing or combining the production operations and facilities to improve efficiency and reduce costs.

Flexible Technology

Systems or equipment that can easily adapt to changes in production volume, design, or process, enhancing a company's ability to respond to market changes.

Facility Costs

Expenses associated with the physical means through which a company operates, such as rent, utilities, and maintenance of buildings and equipment.

Tariffs

Taxes or duties to be paid on a particular class of imports or exports, affecting the price and demand for goods.