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An example of a transaction processing system is a distribution system.
HR Functions
The diverse activities performed by the human resources department, including recruiting, training, employee relations, and benefits management.
HR Professionals
Individuals specializing in human resource management, focusing on recruitment, employee relations, payroll, benefits, and compliance.
Economies of Scale
Cost advantages realized by an entity as its production output increases, leading to lower costs per unit due to factors like operational efficiency and bulk buying.
Specialized Outsource Vendors
Third-party service providers with expertise in a specific field, hired to perform tasks more efficiently than the hiring company can.
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