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The Australian Bureau of Statistics counts as 'employed', those people who work part-time but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as 'unemployed'. Explain how the unemployment rate and the labour force participation rate would change.
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Scope of Strategic Fit
The alignment between an organization's strategies, capabilities, and the external environment to ensure efficiency and effectiveness in achieving goals.
Company Success
The achievement of desired financial and strategic goals by a company, often measured by profitability, market share, and growth.
Company Failure
Refers to the cessation of business operations due to financial insolvency, bankruptcy, or inability to sustain operational costs.
Scope of Strategic Fit
Refers to the alignment between an organization's strategies, resources, and capabilities with the external environment to achieve competitive advantage.
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