Which factors explain downsizing and refocusing?
A)Internal competition and the development of the internet
B)A greater turbulence in the environment, and the emergence of efficient and reliable suppliers of outsourcing services
C)Top managers and employees have lost confidence in firms as a way to organize economic activities
D)None of the above

Question

Quizplus · Accepted Answer

Downsizing and refocusing are often driven by a need to adapt to a changing business environment, which may involve increased competition, technological advancements, and a need for more efficient operations. The emergence of outsourcing services has made it easier for companies to reduce costs by outsourcing non-core functions, which can lead to downsizing and refocusing efforts.

Which Factors Explain Downsizing and Refocusing