Downsizing is ?
Correct answer: A. to make in a smaller size
- A. to make in a smaller size
- B. to make in actual size
- C. To make in half size
- D. None of these
Explanation
Downsizing means reducing the size or scale of an organisation, commonly through cuts in its workforce or operations. It does not specifically mean reducing something to half its size.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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