Industry downsizing has been a major part of the corporate world, even government agencies are downsizing. GovernmentExecutive.com "covers the business of the federal government and its huge departments and agencies - dozens of which dwarf the largest institutions in the private sector" on its website. Read the assigned Government
Executive article and answer the following questions:
Which industries have substantially reduced fixed cost commitments?
Do you believe this reduction in costs has substantially impaired the ability of these industries to meet the needs of their customers?
I need about 250 words apa on reference
The industries that have substantially reduced fixed costs commitments in the United States are the auto industry, the steel industry, and the life-science sector. The aviation sector has also seen downsizing. The investment banking and financial services industry has seen reduction of fixed costs. Further, the retail sector, the aircraft manufacturing sector, and the manufacturing sector has seen downsizing (Cooper. C, Pandey.A, & Quick.J, 2012).
The reduction in fixed costs actually happens when the industry has a faulty business model and the fixed costs are driving the firm to losses. The prices of the products being sold by the company are so high that it is ...
This posting gives you a step-by-step explanation of Downsizing. The response also contains the sources used.