Explain the Difference Between Durable and Nondurable Goods

question 131

Essay

Explain the difference between durable and nondurable goods. Give an example of each.

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Definitions:

Reactive Change

Modifications or adjustments made in response to emerging issues or problems within an organization, rather than anticipating them ahead of time.

External Environment

Consists of all factors outside an organization that can affect its performance, including economic conditions, competitors, and regulatory policies.

HR Assessment

The process conducted by the human resources department to evaluate and improve organizational effectiveness, employee performance, and compliance with regulations.

Human Resource Planning

The process of identifying current and future human resources needs for an organization to achieve its goals.