Globalization of Markets Results in Markets Becoming

question 46

Multiple Choice

Globalization of markets results in markets becoming

• A) more interdependent.
• B) less diverse.
• C) more protected.
• D) less competitive.

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Definitions:

Voluntary Severance Packages

Financial incentives offered by employers to encourage employees to voluntarily resign, often used in workforce downsizing scenarios.

Downsizing Strategy

Strategy to improve an organization's efficiency by reducing the workforce, redesigning the work, or changing the systems of the organization.

Senior Management

The highest level of management within an organization, responsible for strategic decision-making and overall leadership.

Interactional Justice

The interpersonal treatment employees receive during the implementation of the downsizing decision.