An Advantage of Diversification Is a Better Internal Labour Market

question 1

Multiple Choice

An advantage of diversification is a better internal labour market because

• A)there's a saving on advertising costs.
• B)there's no commission payable to the internal human resources department.
• C)employees can be transferred rather than hired / fired, and the firm knows these people well.
• D)the firm does not need to invest so much in training new recruits.

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Definitions:

Uncover

The process of discovering or revealing information, needs, or opportunities that were previously unknown or hidden.

Needs

The desire for something a person feels is worthwhile.

Referral Approach

A sales technique where existing customers are encouraged to refer new clients, leveraging existing relationships to gain new business.

Introductory Approach

The initial step in a sales process where the salesperson introduces themselves and their offering to a prospective client.