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Chad is the human resources manager of a chain of stationery stores. The company intends to open two new outlets, and Chad plans to recruit staff for both the outlets by the end of the month. In this scenario, Chad's staffing target serves as a _____.
Industry
A collective term for all manufacturing and production activities within an economy.
Firm(s)
Business entities involved in commercial, industrial, or professional activities, aiming to generate profits from their operations.
Concentration Ratio
A measurement of the market share of the largest firms within an industry, indicating the level of competition.
Firms
Business entities that engage in commercial, industrial, or professional activities, often distinguished by their legal structure and objectives.
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