Examlex
Ratio of promotions to number of employees is a key indicator of the _____ function of HRM.
Product Differentiation
A strategy in which one firm’s product is distinguished from competing products by means of its design, related services, quality, location, or other attributes (except price).
Economic Profits
Economic Profits represent the excess returns a firm makes above its opportunity costs, accounting for both explicit and implicit costs.
External Costs
Costs that are not borne by the producers or users of a good or service but by third parties or society at large, such as pollution.
Government Interference
Actions taken by government to affect decisions made by individuals, companies, or other governments, which can include regulations, laws, and taxes.
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