Research on Downsizing Indicates Which of the Following Is a Statement

question 68

Multiple Choice

Research on downsizing indicates which of the following is a statement?

• A)Since 1980,the service industry has accounted for the largest average percentage of firms which downsized five or more percent of their workforces.
• B)Downsizing and job insecurity are challenge stressors.
• C)Downsizing leads to other stressful events such as financial insecurity.
• D)Creativity in the work environment improves significantly during downsizing because people have to do more with less.

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Definitions:

Market Differentiation

Strategies used by companies to distinguish their products or services from those of competitors, often through branding, quality, or unique features.

Long-run Equilibrium

A state in economics where all factors of production are fully adjustable, and markets or industries have adjusted to their optimal production levels and prices.

Competitive Price-searcher Market

A market in which firms have some degree of market power and can determine their prices, often through differentiation and searching for competitive advantages.

Average Total Cost

The total cost of production divided by the number of units produced, reflecting the cost per unit.