Which Term Refers to a Decrease in the Friction of Distance

question 55

Multiple Choice

Which term refers to a decrease in the friction of distance between locations as a result of improvements in transportation and communication technologies?

• A) Principle of least effort
• B) Diffusion
• C) Time-space convergence
• D) Principle of friction
• E) Transportation convergence

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Definitions:

Workforce Reduction Programs

Initiatives taken by organizations to decrease the number of employees through methods such as layoffs, buyouts, or retirements to reduce costs and improve efficiency.

Cutting Costs

The process of reducing expenses in order to improve a company's financial performance or maintain its competitiveness.

Offshoring

The practice of relocating business processes or manufacturing to another country to reduce costs or improve efficiency.

Foreign Entities

Organizations or business units that operate outside the country of one's residence or the headquarters of a business.