Decreased Job Security Caused by Downsizing and Outsourcing and Global

question 9

True/False

Decreased job security caused by downsizing and outsourcing and global outsourcing, along with reduced benefits, are contributors to lowers= engagement by employees.

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Definitions:

Total Cost

The sum of all costs incurred by a business in the production of goods or services, including fixed and variable costs.

Prospective Sales

Forecasted or anticipated sales based on current trends, marketing strategies, and economic conditions.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, as the cost per unit of output decreases with increasing scale.

Diseconomies of Scale

A condition where a firm experiences increasing production costs and decreasing returns as it becomes too large.