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It Is Understandable That Productivity Is Rising Faster in the Service

question 169

True/False

It is understandable that productivity is rising faster in the service sector because service businesses have newer technologies than the manufacturing sector and fewer laborers.


Definitions:

Global Competitors

Businesses that operate and compete in multiple countries, confronting and adapting to different cultural, legal, and economic environments.

Innovation

The process of turning ideas into new or improved products, processes, or services, driven by a desire to solve problems or enhance existing solutions.

Social Capital

The networks of relationships among people who live and work in a particular society, enabling that society to function effectively.

SMART Goals

SMART goals are objectives that are Specific, Measurable, Achievable, Relevant, and Time-bound, designed to clarify ideas, focus efforts, and increase the chances of achieving them.

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