Recessions and financial crises have led to layoffs, reduced wages, unemployment, bankruptcy, and labor shortages. These are examples of which challenge/opportunity for organizations?
A) innovation and change
B) sustainability
C) economic factors
D) customer service

Question

Quizplus · Accepted Answer

Recessions and financial crises directly impact the economic environment in which organizations operate, leading to financial challenges such as layoffs, reduced wages, and bankruptcy. These are examples of economic factors affecting organizations.

Recessions and Financial Crises Have Led to Layoffs, Reduced Wages