Examlex
In their pure forms, laissez-faire economies and command economies do not exist in the world.
Downsizing
The process of reducing the number of employees within an organization through terminations, retirements, or divestitures as a means of reducing costs.
Offshoring
The practice of relocating business processes or services to another country, often to reduce costs or access skilled labor not available domestically.
Reengineering
A complete review of the organization's critical work processes to make them more efficient and able to deliver higher quality.
Outsourcing
The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.
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