The Key to Successful Communication Efforts During a Crisis Is

question 53

Short Answer

The key to successful communication efforts during a crisis is having a crisis management? plan pre-established.

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Definitions:

Factor Endowments

The quantity and quality of labor, land, and natural resources of a country.

Acquired Comparative Advantage

A concept where a country becomes more proficient and competitive in producing goods or services not because of natural factors but through practice and technological advancement.

Subsidy

A form of financial aid or support extended to an economic sector (or institution, business, or individual) generally with the aim of promoting economic and social policies.

Labor-Intensive Goods

Products or services that require a relatively high amount of labor compared to capital in their production or delivery processes.