Final answer:
Expansion is an alternative to downsizing. It involves increasing the size or scope of a company through various methods such as opening new facilities, hiring more workers, or introducing new products.
Step-by-step explanation:
An alternative to downsizing is expansion. Expansion refers to the process of increasing the size or scope of a company, either by increasing its production capacity, opening new facilities, or entering new markets.
For example, a company may decide to expand by opening new factories or sales facilities, hiring more workers, or introducing new products into the market.
Expansion allows companies to grow and create new opportunities, rather than reducing their workforce through downsizing. It can lead to increased revenue and market share, as well as provide job security for employees.