The Main Purpose of Downsizing Is

question 47

Multiple Choice

The main purpose of downsizing is

• A)to increase the price of your product.
• B)to increase the wages of those still employed.
• C)to increase profits and decrease expenditures.
• D)to facilitate horizontal integration.
• E)to facilitate vertical integration.

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Definitions:

Socially Responsible

Committed to acting in ways that benefit society and the environment, beyond the minimum legal requirements.

Customer Goodwill

The favor and loyalty a business acquires from customers through positive experiences and satisfaction.

Stakeholder Orientation

A business approach that prioritizes the interests and well-being of all relevant stakeholders, including customers, employees, and the community.

Competitive Orientation

An organization's strategy in responding to and navigating competitive environments, focusing on how it positions itself against rivals.