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Information Technology Impacts HRM Practices in Several Important Ways

question 47

Multiple Choice

Information technology impacts HRM practices in several important ways. Which of the following is one such way?

Differentiate between an offer and an invitation to negotiate.
Understand the impact of the offeror’s incapacity or death on the offer.
Grasp the concept of mirror image rule in contract acceptance.
Realize how auctions and advertisements differ from formal offers.

Definitions:

Marketing Mix

A framework used to analyze and execute the marketing strategy, traditionally defined by the four Ps: Product, Price, Place, and Promotion.

Introduction Stage

The first phase of a product's life cycle, characterized by low sales, high costs, and limited market awareness, requiring significant promotional efforts.

Gaining Distribution

The process of making a product available in new retail outlets or channels.

Product Life Cycle

The stages a product goes through from development and introduction to the market, through growth and maturity, and eventually decline and withdrawal.

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