What strategy is used to minimize costs to large firms during economic downturns and periods of restructuring?
A) Relying on in-house staff
B) Externalization
C) Downsizing
D) Deregulation
E) Internalization

Question

Quizplus · Accepted Answer

Externalization involves outsourcing or contracting out certain functions to reduce costs and increase flexibility during economic downturns or restructuring.

What Strategy Is Used to Minimize Costs to Large Firms