Business Is Bad and You Need to Cut Costs by Reducing

question 27

Essay

Business is bad and you need to cut costs by reducing your employees' hours or eliminating several positions. You plan a meeting with your employees to discuss this situation. You consider using the following buffer to begin your remarks. Discuss whether or not using a buffer is a good idea, and how this particular example will meet your objectives.
"I am grateful that you have all worked hard this past year to keep costs down and try to increase sales, and we are thrilled to announce that our customer satisfaction rating is at an all-time high."

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Definitions:

Digital Marketspace

An online environment where goods and services are traded, leveraging digital technologies for advertising, sales, and customer engagement.

Digital

Pertaining to technology that generates, stores, and processes data in terms of two states: positive and non-positive. Digital technology includes the internet, mobile computing, and smart devices.

Traditional Marketplace

A physical space where buyers and sellers gather to exchange goods and services, often characterized by face-to-face transactions.

Tangible

describes physical objects that can be seen, touched, and measured, as opposed to intangible items like services or digital products.