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Assume that there is an improvement in the technology used by firms in a perfectly competitive industry that is initially in long-run equilibrium.In the short run this would cause:
Outplacement Counseling
Support services provided by organizations to help former employees transition to new jobs, offering career guidance, resume advice, and interview preparation.
Differentiation Strategy
A business approach where a company seeks to be unique in its industry along some dimensions valued by customers.
Performance Management
Is the general set of activities carried out by the organization to change (improve) employee performance.
Cost Leadership Strategy
A cost leadership strategy is one that focuses on minimizing the costs as much as possible.
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