Downsizing Is the Calculated Reduction of Permanent Employees in an Effort

question 26

True/False

Downsizing is the calculated reduction of permanent employees in an effort to cut costs and/or to improve an organization's ability to run more efficiently.

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Definitions:

Creative

Relating to or involving the use of imagination or original ideas to create something; inventive.

SWOT Analysis

A strategic planning tool used to identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Untapped Markets

Market segments or areas where a company's products or services have not yet been introduced or exploited.

Opportunity

A set of circumstances that makes it possible to do something or for something to happen, often leading to potential benefits or advancement.