Answer:
The correct answer is: enter the market; exit the market.
Explanation:
In a perfectly competitive market, there is no restriction on entry and exit of firms. So profits will attract other potential firms to join the market. And when the existing firm incurs losses it will cause them to stop operating and exit the market.
Because of this, the firms in competitive settings are motivated to produce at a low cost and they come up with new ideas to please customers so that they earn a profit.
Traditional project management relies heavily on up-front planning and traditional project management requires that project scope and technology are predictable is true of the traditional project management approach concerning project scope and technology.
Task management is the method of main the paintings of a group to achieve all assignment dreams within the given constraints. This data is normally defined in venture documentation, created at the start of the development technique. The primary constraints are scope, time, and budget.
Challenge control can be described as the area of making use of particular methods and concepts to initiate, plan, execute and control the manner that new projects or adjustments are applied within an organization.
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In this question, they are asking what is being done by giving each person a task in the organization. When you divide labor you are arranging different people to have different tasks. This allows for those that are highly skilled in one particular area to take on that work so that the best of the best, are performing their tasks.
The correct answer is - Human Resource Management.
The responsibility of hiring and managing the human resources of the company is taken care of by the Human Resource department.
Human Resource Management
- It is one of the crucial parts of any company that helps in the management of the human resource that benefits the organisation.
- It helps in staffing function. It recruits the human resource and then manages the existing human resource of the company.
- It helps in providing orientation, basic training, takes care of remuneration and organisational policies.
- It takes care of the training and development of the employees and also the disciplinary actions.
- Besides all these, it also manages the grievances of the employees and resolve them.
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