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Ishmael, an HR representative, is working with a manager to write a newspaper ad for his new secretary. The manager wants to say, "Snappy, young female wanted to bring a fresh look and excitement to the office." Ishmael is trying to change the ad to "Secretary needed in high energy, active office to file, answer phones, and manage data." What constraint is limiting this recruiting effort?
Herfindahl Index
The Herfindahl Index is a measure of market concentration used to determine the intensity of competition within an industry, calculated by summing the squares of the market shares of all firms within the market.
Import Competition
The pressure on domestic companies from foreign producers offering goods or services in the same market.
Herfindahl Index
A measure of market concentration that squares and then sums the market share percentages of all firms within the industry.
Market Shares
The proportion of a market controlled by a particular company, product, or service in relation to total sales in the market.
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