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An Efficiency Frontier Shows All of the Different Positions That

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An efficiency frontier shows all of the different positions that a company can adopt with regard to differentiation and cost.


Definitions:

Qualified Pool

A group of individuals who meet the specified criteria or qualifications for a particular role, position, or opportunity.

Job Applicants

Individuals who apply for a position within an organization, signaling their interest in joining the company.

External Recruitment

The process of filling job vacancies with candidates from outside the organization, as opposed to promoting or transferring existing employees.

Employee Referrals

A hiring method where existing employees recommend potential candidates for open positions within their organization.

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