Examlex
One of the advantages B2C businesses have over traditional retailers is that they can quickly change product mixes and prices, as well as the appearance of the store (that is, the Web site).
Outsourcing
The practice of hiring third-party vendors to perform tasks, handle operations or provide services that are either difficult to manage or are outside the business's core competencies.
Contracting Out
The process of hiring external service providers to perform tasks, handle operations or provide services that are either difficult to manage or are outside the company's expertise.
Human Capital Shortages
A situation where there is a lack of skilled individuals available in the labor market to meet the demands of employers.
Developing Employees Internally
The process of investing in the growth and development of an organization's current employees to prepare them for future roles and leadership positions.
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