BioLabs Inc. is in the process of laying off 10 percent of its shipping and receiving employees. At the same time, it is hiring new hourly staff. This scenario best exemplifies _____.
A) churn
B) licensing
C) takeover
D) franchising

Question

Quizplus · Accepted Answer

The scenario described is an example of churn, which refers to the rate at which a company gains and loses employees. In this case, BioLabs Inc. is losing 10 percent of its shipping and receiving employees through layoffs, while also hiring new hourly staff.