Multiple Choice
Technical Solutions Inc.,a leading software solutions firm in Dallas with 1000 employees,is facing a financial crunch because of the economic downfall.Several of its key investors have backed out,and it has lost some projects to its competitors.The CEO of the company considers cost-cutting measures to turn around the organization.An analysis of the situation reveals that many of its employees have become redundant as their work roles have reduced considerably.The firm also employs a large number of people who are almost at the retirement age.Which of the following measures will be most appropriate for the company,from a business perspective?
A) downsizing
B) vertical integration
C) outsourcing
D) diversification
E) market penetration
Correct Answer:
Verified
Correct Answer:
Verified
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