______ Processes Are Invisible to the External Customer but Essential

question 10

Short Answer

______ processes are invisible to the external customer but essential to the effective management of the business and include goal setting, day-to-day planning, performance feedback, rewards, and resource allocation.

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Definitions:

Non-Competing Groups

Segments within the labor market that do not directly compete with each other for jobs due to differing skills, qualifications, or geographical locations.

Earnings Differential

The difference in wages or salaries arising from differences in occupation, education, experience, or other factors.

Primary Job Market

The sector of the job market that consists of high-paying jobs which often require a higher education or specialized skills.

Income Disparity

The unequal distribution of income within a population, often leading to social and economic inequality.