After several years of heavy losses, the company had to declare ____________., bankruptcy, To improve its ____________, the company invested in better technology and staff training., competitiveness, Due to rising costs, management announced several ____________, including a smaller marketing budget., cutbacks, The new software increased ____________ by helping employees complete tasks much faster., efficiency, Emma showed great ____________ by solving the problem before her manager even noticed it., initiative, Employee ____________ has increased by 20% since the company introduced flexible working hours., productivity, Higher sales and lower costs significantly improved the company's ____________ last year., profitability, Staff ____________ is a serious issue here because many employees leave after only a few months., turnover

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