When Does the Labour Market Have a Strong Influence on the Organisation's

question 51

Multiple Choice

When does the labour market have a strong influence on the organisation's production capacity?

• A)When technological advancements are infrequent
• B)With long-term employees only
• C)When demand outstrips supply for employees with a specific skill
• D)When unions are involved

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Definitions:

Raw Materials

The basic substances or components that are processed or refined to create finished goods or products.

Manufacturers

Companies or entities that make goods through a process involving raw materials, components, or assemblies, usually on a large scale.

Organizational Buyers

Entities such as companies, governments, and institutions that purchase goods or services for purposes other than personal consumption, often involving more complex processes and larger transactions than individual consumers.

Manufacturers

Companies or individuals that produce finished goods from raw materials through the use of various processes.