Simplifying, shrinking, or downsizing an organization's operations to lower operating costs is known as ________.
A) restructuring
B) outsourcing
C) empowering
D) innovating

Question

Quizplus · Accepted Answer

Restructuring involves simplifying, shrinking, or downsizing an organization's operations to lower operating costs. It can be done by eliminating product teams, shrinking departments, and reducing levels in the hierarchy, all of which result in the loss of large numbers of jobs of top, middle, or first-line managers, as well as nonmanagerial employees.

Simplifying, Shrinking, or Downsizing an Organization's Operations to Lower Operating