"What You Do, Where You Do It, and with Who

question 6

Multiple Choice

"What you do, where you do it, and with who" is a nice way to remember

• A) Stahl-Björkman-Morris definition of IHRM
• B) Morgan's 3-D definition of IHRM
• C) different IHRM approaches
• D) three IHRM employee types

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Definitions:

Comparative Advantage

The ability of an individual, firm, or country to produce a certain good or service at a lower opportunity cost than others.

Absolute Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.

Absolute Advantage

The ability of a party to produce a greater quantity of a good, product, or service than competitors using the same amount of resources.

Economic Basis

The fundamental factors that determine the structure and operation of an economy, such as its resources, technology, and social relations.