Technological Change in the United States Over the Last Two

question 46

True/False

Technological change in the United States over the last two decades has increased the demand for skilled labor and decreased the demand for unskilled labor.

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Definitions:

Prospector Strategy

A business strategy focused on growth and innovation by exploring new markets and opportunities, often at the risk of higher instability and investment.

Little Uncertainty

A scenario characterized by high predictability, allowing for accurate planning and forecasting.

Turnaround Strategy

Strategies implemented by a firm in distress to recover from financial instability, involving restructuring operations to regain profitability.

Retrenchment

A strategic reduction of business activities or workforce by a company to cut expenses and stabilize financially.