A(n) ________ Is Any Individual, Group, or Organization Outside a Firm

question 17

Multiple Choice

A(n) ________ is any individual, group, or organization outside a firm that seeks to reduce the level of that firm's performance.

• A) environmental threat
• B) environmental opportunity
• C) environmental equalizer
• D) competitive advantage

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Definitions:

Frictional Unemployment

Frictional unemployment occurs when there is a temporary mismatch between workers and jobs, such as when individuals are transitioning between jobs or entering the workforce for the first time.

Structurally Unemployed

Unemployment that occurs due to shifts in the economy that create a mismatch between the skills of the workforce and the needs of the employers.

Frictionally Unemployed

Individuals temporarily out of work while transitioning between jobs, typically a healthy phenomenon in a dynamic economy.

Electrical Engineer

A professional who designs, develops, tests, and supervises the manufacturing of electrical equipment and systems.