If the Relevant Population Is 268 Million People and the Number

question 10

Multiple Choice

If the relevant population is 268 million people and the number of people in the labor force is 148 million,the labor force participation rate is

• A) 1.81 percent.
• B) 4.8 percent.
• C) 5.5 percent.
• D) 44.8 percent.
• E) 55.2 percent.

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Definitions:

Strategic Fit

The degree to which an organization's strategies align with its external environment and its internal resources and capabilities.

Mission Statement

A concise affirmation of the firm’s long-term purpose.

Targeting Process

The method of identifying and reaching specific groups within a market based on shared characteristics or needs.

Target Market

A target market is a specific group of consumers at whom a company aims its products and services, defined by various demographics such as age, gender, income level, and personal interests.