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Refer to the information provided in Table 16.2 below to answer the questions that follow.
Table 16.2
-Refer to Table 16.2. During Period 2, labor productivity is equal to
Outsourcing
The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house.
Core Competency
A set of knowledges and skills that make the organization superior to competitors and create value for customers.
Strategic Planning
The process of defining a business's strategy or direction and making decisions on allocating resources to pursue this strategy.
Propensity Analysis
The use of statistical techniques to predict the likelihood of a specific event or behavior occurring.
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