Having a Competitive Advantage Is ____,Otherwise the Business Is Not

question 59

Multiple Choice

Having a competitive advantage is ____,otherwise the business is not needed.

• A) Unnecessary
• B) Necessary
• C) Critical
• D) Relative to the industry

Communicate effectively about performance issues and terminations while ensuring legal compliance.

Understand the impact of online communication on personal and organizational brand.

Understand the design and purpose of performance reviews in the workplace.

Recognize strategies for handling requests for recommendations in social networking environments.

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Definitions:

Firm

A business organization that sells goods or services in pursuit of profits.

Equilibrium Wage

The wage rate at which the quantity of labor supplied equals the quantity of labor demanded.

Structural Unemployment

Unemployment that results from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand.

Equilibrium Level

A state in which market supply and demand balance each other, resulting in stable prices and quantities.