Downsizing Is

question 4

Multiple Choice

Downsizing is:

• A) When one company buys another
• B) When two companies merge their operations
• C) When an employees work load is reduced by hiring more employees
• D) When a company reduced the size of the work force

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Definitions:

Crude Oil

A naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials, used as a primary energy source.

Consumer Surplus

The dissimilarity between what consumers can potentially spend on a product or service and the sum they truly pay.

Domestic Producers

Domestic producers are businesses or individuals that create or manufacture goods and services within a country's borders.

Crude Oil

A naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials, used as a raw material for fuel and in the petrochemical industry.