IBIS World Predicts That the Number of Employees in the Marketing

question 88

Multiple Choice

IBIS World predicts that the number of employees in the marketing research industry will:

• A)See jobs expand annually through 2020,but also experience a leveling of wages.
• B)See jobs expand annually through 2020 with a corresponding increase in wages.
• C)Not see annual job expansion with a corresponding contraction in wage levels.
• D)Not see annual job expansion,but with a corresponding slight increase.

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Definitions:

Labor

The human effort, either physical or mental, that is used in the production of goods and services.

Overhead

Indirect costs related to manufacturing or business operations that do not directly tie to a specific product or activity, such as utilities, rent, and management salaries.

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, measured in terms of the amount of work done on them.

Materials

Items or substances from which something is made or can be made, often used in the context of production or manufacturing.