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podryga [215]
3 years ago
12

All else​ equal, if job turnover has people leaving jobs and finding new jobs in the same​ industry, this will A. increase the d

emand for labor and the supply of labor. B. increase the demand for labor and decrease the supply of labor. C. decrease the supply of​ labor, but not change the demand for labor. D. not change demand or supply in the labor market.
Business
1 answer:
Salsk061 [2.6K]3 years ago
3 0

Answer:

D. not change demand or supply in the labor market.

Explanation:

As people is finding new jobs in the same industry, it can be said that there is no evident change in the demand of labor neither in the supply of labor.

Job turnover can be high or low, not necessarily related to a variation in demand or jobs offers.

This turnover may be produced by a increase in the demand of labor, but it is being satisfied by people in the same industry.

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Answer:

C) the firms ability to differentiate its product

Explanation:

Porter five forces of the model comprise rivalry among competitors, bargaining power of suppliers, bargaining power of buyers, the threat of new entrants, the threat of substitution.

The rivalry among competitors deals with the strength and weaknesses of the competitors so that the business does the planning accordingly.  

The bargaining power of suppliers stated the change in the price of the product made by the supplier's offer plus the customer are attracted towards the product as the product is unique which impact the overall profit

The bargaining power of buyers deals with the number of buyers and how much orders are given by a single buyer.  

The threat of new entrants impacts the overall position of the business if the competitor enters the market.  

The threat of substitution is an alternative way to produce the goods and services which can also drop your position and also it directly impact profitability.  

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myrzilka [38]

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