Employment Reference Is a Recruitment Method Wherein Employees of a Company

question 29

True/False

Employment reference is a recruitment method wherein employees of a company recommend qualified friends, relatives, or colleagues for a job vacancy in the company.

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Definitions:

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position relative to competitors.

Differentiation Strategy

A business approach where a company develops unique products or services to stand out from competitors.

Unique Product

A product that is distinct in its features, functionality, or branding, setting it apart from competitors' offerings.

Cost Leadership Strategy

A business strategy focused on gaining competitive advantage by being the lowest cost producer in the market while maintaining acceptable quality levels.