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Short-run Profits
Earnings calculated over a short period during which at least one of a firm's inputs is fixed, focusing on immediate financial return rather than long-term investments.
Long-run Profits
Profits achieved over a longer period, reflecting the sustainability and effectiveness of a business strategy.
Formal Promotions
Organized, official advancement of employees to higher positions with more responsibility within a company.
Baby Boomers
A demographic group born during the post-World War II baby boom, between the years 1946 and 1964.
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