Structural Unemployment Is

question 259

Multiple Choice

Structural unemployment is

• A) associated with the changing of jobs in a dynamic economy.
• B) associated with changes in technology that change required job skills.
• C) associated with general downturns in the economy.
• D) very short-term unemployment.

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Definitions:

Porter's Five Forces Model

A framework developed by Michael E. Porter used to analyze an industry's structure and competition, focusing on five competitive forces.

Potential Rivals

Entities not currently competing in a market but have the capability to enter and become competitors if they choose to do so.

Immediate Rivals

Competitors operating in the same market space, offering similar products or services to the same customer base.

Layout Design

The process of arranging physical resources in a space, such as machinery or equipment in a factory, to optimize workflow and efficiency.