Examlex
Which of the following terms best represents a firm's ability to achieve market superiority?
Rightsizing
Adjusting the number of employees to fit the current needs of the organization, which may involve layoffs or hiring.
Layoffs
The temporary or permanent dismissal of employees from their jobs due to economic downturns, business restructurings, or other financial reasons.
Volume Efficiency
The effective management of resources to produce the maximum possible output or volume of production at the lowest cost.
Expense Ratio
A measure of the cost of operating a fund, such as a mutual fund or an exchange-traded fund, expressed as a percentage of the fund's assets.
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