Question

New orders are coming in quickly for SmartTech, and management is confident that new contracts will take them through the next couple of years. The company has started investing again, but not in people. The number of employees is the same as when the company and its competitors faced the Great Recession. Most likely due to ________________, the company is producing more product and services with less people. Multiple Choice

Answer 1

Technological advancement

Step-by-step explanation:

Technological advancement is a method that is used to make production process more efficient without increasing the labour that is used.

It involves the use of technology to increase efficiency of the production process.

This makes it possible for SmartTech to produce more product and services with less people.

They are investing more in technology than in human labour.