Which of the Following Is the Possible Cause of Recession

question 24

Multiple Choice

Which of the following is the possible cause of recession?

• A) Staging the Cricket world cup 2014-15
• B) A decline in the world economy
• C) A boom in the stock market
• D) None of the above

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Definitions:

Standardization

The process of implementing and developing technical standards to ensure consistency, reliability, and safety in products, services, or systems.

Integration

The process of combining or coordinating separate parts or elements into a unified whole, often used in the context of social, cultural, or organizational efforts.

Coordination

The process of organizing people or groups so that they work together efficiently and effectively towards a common goal or task.

Differentiation

In organizational context, it refers to the process of making a product or service distinct from competitors in the eyes of customers through unique features, quality, or brand identity.