What Does the Term "Labour Wastage" Mean

question 68

Multiple Choice

What does the term "labour wastage" mean?

• A) excessive labour supply
• B) productivity inefficiencies
• C) absenteeism and turnover
• D) high cost labour

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Definitions:

Business Model

A strategic plan outlining how a company creates, delivers, and captures value, essentially explaining how it operates and makes money.

Business Model Canvas

A strategic management template for developing new or documenting existing business models, outlining nine key components of a business.

Multisided Market

A platform or market that facilitates interactions between two or more distinct but interdependent groups of customers.

Shopping Center

A complex or area that houses multiple retail stores, services, and often includes food establishments, designed for consumers to shop at multiple locations in one vicinity.