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A construction company has 12 workers who are paid minimum wage. the company wants to reduce costs because there is less work. which action is an available and effective option from the perspective of the business? have the workers work more quickly hire workers who are not as skilled reduce the amount workers are paid select several workers to be laid off

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If a construction company has 12 workers who are paid minimum wage. and the company wants to reduce costs because there is less work. The action is an available and effective option from the perspective of the business is: Select several workers to be laid off.

What is cost reduction?

Cost reduction can be defined as the process of cutting down expenses so as to save more money and this tend to occur when expenses is higher than revenue.

To reduce cost the best option is for the company to select or choose several workers to be laid off.

Therefore the action is an available and effective option from the perspective of the business is: Select several workers to be laid off.

Learn more about cost reduction here:https://brainly.com/question/25811981

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