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__________ Refers to Reducing the Workforce and Elimination of Many

question 74

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__________ refers to reducing the workforce and elimination of many management jobs and other types of jobs,by using cost-cutting methods and technology,such as computers.


Definitions:

Costs

The expenditure incurred by a business in the process of producing or providing goods or services.

Variable Costs

Expenses that change in proportion to the activity of a business, such as materials and labor costs.

Quantity of Output

Refers to the total amount of goods or services produced by a company over a specific period.

Costs

The total expenses incurred by a business in producing goods or providing services.

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