During the 1980s, foreign competition forced Ford, General Motors, and Chrysler to alter their production methods in order to become more competitive. Which policy did not lead to increased competitiveness for these firms?
A) competitive bidding for steel and other resources
B) cutting fixed costs and other overhead expenses
C) increasing wages to workers assembling automobiles
D) slashing redundant managerial jobs and streamlining operations
Correct Answer:
Verified
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