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________ Transport Requires the Input of Energy,whereas ________ Transport Does

question 20

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________ transport requires the input of energy,whereas ________ transport does not.

Differentiate between short run and long run decisions in firm operations.
Understand and differentiate between economic profits and accounting profits.
Calculate economic and accounting profits given business operational data.
Analyze the components of total costs and their impact on profits.

Definitions:

Internal And External Fit

Refers to the alignment between an organization's internal practices and strategies with the external market and environmental demands.

HR Strategies

Methods and plans designed to achieve effective management of an organization's human resources, aligning workforce development with business objectives.

Competitive Environment

The dynamic external context in which businesses compete for customers, characterized by the presence of rival firms, demand conditions, and market forces.

Environmental Scanning

The process of systematically gathering information about the external environment to identify trends, opportunities, and threats that could impact an organization.

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