It is a fact that businesses are not immune to challenges like economic conditions. In order to adapt to such difficulties, some companies may reduce _____________________ to control costs.Select one:a.workforceb.product developmentc.investmentsd.spending
Question
It is a fact that businesses are not immune to challenges like economic conditions. In order to adapt to such difficulties, some companies may reduce _____________________ to control costs.Select one:a.workforceb.product developmentc.investmentsd.spending
Solution
The correct answer is a. workforce. When businesses face economic challenges, one common strategy is to reduce costs by downsizing their workforce. This means they may lay off employees, freeze hiring, or reduce hours to save money. However, it's important to note that this is just one possible strategy, and different businesses may choose different ways to adapt to economic difficulties.
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For Product-based firms the challenge is :
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