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Define Human Resources Management (HRM), and Discuss the Overall Activities

question 99

Essay

Define human resources management (HRM), and discuss the overall activities involved in each of its three main phases.


Definitions:

Joint Venture

A business agreement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project, sharing both the risks and rewards.

Direct Importing

The process by which a business buys products directly from a foreign country to bring into its home market, bypassing any middlemen.

Indirect Exporting

A method of exporting goods through intermediaries, rather than directly from the producer to the foreign buyer, often involving export agents or trading companies.

Tariffs

Taxes imposed by a government on imported or exported goods.

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