1) a reduction in expenditure a) Profitability b) Efficiency c) Turnover d) Cutbacks 2) the ability to start things independently a) Competitiveness b) Initiative c) Productivity d) Bankruptcy 3) achieving maximum output with minimum waste a) Efficiency b) Competitiveness c) Initiative d) Bankruptcy 4) the ability to compete against rivals a) Turnover b) Efficiency c) Competitiveness d) Cutbacks 5) the total sales revenue of a business a) Turnover b) Profitability c) Bankruptcy d) Initiative 6) the condition of yielding a financial gain a) Productivity b) Cutbacks c) Efficiency d) Profitability 7) the legal status of being unable to repay debts a) Turnover b) Bankruptcy c) Competitiveness d) Initiative

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