A Specific Way in Which Human Resources Contributes to Business

question 6

Multiple Choice

A specific way in which human resources contributes to business strategy is by

• A) helping to build high-performance work practices.
• B) organizing company picnics.
• C) making PowerPoint presentations to top management.
• D) helping to prepare job descriptions.

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Definitions:

Growth-Share Matrix

A strategic tool used by businesses to help prioritize investments among their portfolio of products or business units based on market growth rate and market share.

Relative Market Shares

A metric comparing a company's market share to that of its largest competitor, highlighting competitive strength.

Hybrid Vehicles

Cars that use a combination of an internal combustion engine and one or more electric motors for propulsion, aiming to achieve better fuel efficiency and lower emissions than conventional vehicles.

BCG Business Portfolio

A matrix developed by the Boston Consulting Group to help businesses analyze their product lines or business units for strategic decision-making based on market growth and market share.