Asked by Eveleen Zapata on Apr 27, 2024
Verified
A company that implements a growth strategy is most likely to:
A) reduce its recruiting efforts.
B) downsize its workforce.
C) roll out early retirement offers and packages.
D) hire employees readily without additional work.
Growth Strategy
Focuses on growing and expanding the business. It can be pursued internally by opening additional locations or externally through mergers, joint ventures, or the acquisition of other businesses.
Recruiting Efforts
Activities and strategies employed by an organization to attract and hire suitable candidates for job openings.
Workforce
The collective group of individuals engaged in work within an organization or the labor market at large.
- Understand the various growth, stability, and reduction strategies employed by companies and their implications on the workforce.
Verified Answer
Learning Objectives
- Understand the various growth, stability, and reduction strategies employed by companies and their implications on the workforce.
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