Downsizing is the failure of a business and involves dissolving the business under the protection of bankruptcy legislation.

Question

Quizplus · Accepted Answer

Downsizing refers to the process of reducing the size of a business, including reducing the number of employees, closing facilities or departments, and selling assets. It is not necessarily a failure of the business, and it does not always involve bankruptcy.

Downsizing Is the Failure of a Business and Involves Dissolving