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Inadequate human resources planning within an organization can result in direct costs when labour demand decreases significantly for an extended period of time. Which of the following provides an accurate reason for this?
Economic Comparison
The analysis and assessment of different economic scenarios, decisions, or policies based on their outcomes, costs, and benefits.
Service Firms
Companies that specialize in delivering non-physical goods, such as consultancy, financial services, and repairs, to their clientele.
Good Demographics
Characteristics of human populations (like age, sex, income) used to identify market segments or understand consumer preferences.
Traffic Count
The process of measuring the number of vehicles or pedestrians passing a certain point or area within a specified period of time, used for transportation planning and traffic management.
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