Examlex
Human resource planning involves the assessment of both the future demand and the future supply of the various types of labor needed by the organization.
Market Price
The price of a good or service as determined by supply and demand in the open market.
Soybeans
A type of legume native to East Asia, widely grown for its edible bean used in a variety of foods and products.
Short-Run Profit
Profits earned by a firm in a period where at least one input is fixed, reflecting immediate financial performance.
Shut Down
A short-term decision by a firm to cease production due to market conditions, often when the revenue from sales cannot cover variable costs.
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