If the Number of People Employed Is 190 Million and the Number

question 313

Multiple Choice

If the number of people employed is 190 million and the number of people in the labor force is 200 million, then the unemployment rate is

• A) 5%.
• B) 10%.
• C) 90%.
• D) 95%.

Recognize strategies businesses can employ to gain competitive advantage, including cost leadership, differentiation, and innovation.

Explain the concept of switching costs and their effect on buyer behavior and competitive strategy.

Identify the strategies employed by companies to reduce buyer power and increase customer loyalty.

Analyze the effects of globalization, technology advancement, and integrated supply chains on supplier power.

---

Definitions:

Elected Governing Board

A group of individuals selected through a voting process to oversee the management and operations of an organization or institution.

Fiscally Dependent

A term referring to entities that rely on a higher level of government for financing, approval of budget, or financial decision-making authority.

Public Institution

An organization established by the government to serve the public’s interest, typically funded by public money.

Enterprise Fund

A fund used by a government to account for operations financed and operated in a manner similar to private business enterprises, where the intent is that the costs of providing goods or services to the public on a continuing basis be financed or recovered primarily through user charges.