A Positioning Strategy Is Concerned with How a Company Wants

question 59

True/False

A positioning strategy is concerned with how a company wants customers to perceive the company vis-à-vis competitors.

Recognize the implications of mergers, acquisitions, and other corporate strategies on human resources.

Appreciate the role of teamwork in enhancing job significance and organizational efficiency.

Understand the changing requirements for recruitment due to shifts toward cognitive and interpersonal skills in the workforce.

Understand the reasons for and implications of various HRM practices such as outsourcing, offshoring, and reengineering.

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Definitions:

AVC

Average Variable Cost, calculated by dividing the total variable costs by the quantity of output produced.

AFC

Average Fixed Costs, which represent the fixed costs per unit of output, calculated by dividing total fixed costs by the number of units produced.

AVC

Average Variable Cost (AVC) is the total variable costs of production divided by the quantity of output produced, reflecting the cost per unit of varying the level of output.

ATC

Average Total Cost, which is the total cost of production divided by the number of goods produced.