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When job openings arise unexpectedly, these openings are identified by
choosing the appropriate recruitment source(s) and method(s).
human resources planning.
determining the job requirements.
building a pool of candidates.
manager request.
Short-run Equilibrium
A condition in which demand and supply are equal in a particular market or industry, but only for a temporary period due to fixed factors in the short term.
Monopolistic Competition
A market structure characterized by many firms offering products that are similar but not identical, leading to competitive pricing and product differentiation.
Monopoly
A market structure characterized by a single seller selling a unique product in the market.
Product Differentiation
The technique of setting a product or service apart from competitors to enhance its appeal to a distinct target audience.
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