GK
BUSINESS MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
To reduce the amount and variety of goods and services produced and the number of employees needed to produce them.
|
|
efficiency
|
|
|
output
|
|
|
downsize
|
|
|
innovation
|
Explanation:
Detailed explanation-1: -There are three downsizing strategies: workforce reduction, work redesign, and systematic strategy.
Detailed explanation-2: -Organizational downsizing represents the strategic reduction of an organization’s workforce to reduce labor costs, increase profitability, and in times of severe economic shock (e.g., recession), to prevent organizational collapse [1].
There is 1 question to complete.