Examlex
Ricardo's theory of comparative advantage does not take into account demand conditions when determining relative commodity prices.
Human Resources
The division of a company focused on activities related to employees, including hiring, training, and benefits.
Downsizing
Process of reducing the number of employees within a company by eliminating jobs.
Outsourcing
Using outside vendors—contracting work out to another party—for the production of goods or fulfillment of services and functions previously performed in house.
Incentive Compensation
A form of payment designed to motivate and reward employees for achieving certain performance goals.
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