A Major Incentive for Innovation in Services Is the Ability

question 13

True/False

A major incentive for innovation in services is the ability to patent an idea.

Understand the concept and uses of HR analytics in workforce management.

Describe self-service solutions in HR and their major functions.

Explain how enterprise portals and mobile technologies enhance human resource planning.

Understand the role and impact of ERP systems in improving HR planning, including benefits and challenges.

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Definitions:

Foreign Competition

The presence of competitors from other countries in a domestic market.

Tariffs

Taxes that a government places on imported goods, often to protect domestic industries or to raise revenue.

Quotas

Regulatory measures imposing limits on the amount or value of goods that can be traded, typically used in international trade.

Export Subsidies

Government payments made to domestic firms to encourage exports.