Frictional, Structural and Cyclical Unemployment Are Three Classifications of Unemployment

question 248

True/False

Frictional, structural and cyclical unemployment are three classifications of unemployment.

---

Definitions:

Competitive Analysis

Examination of competitors and their products or services to identify strengths and weaknesses relative to one's own business.

Visual Picture

Concerns the representation of objects, scenes, or ideas in a form visible to the eye, such as photographs, drawings, or images on a screen.

Products

Items or services offered to the market for sale, consumption, or use, fulfilling a need or want.

Global Segmentation

The practice of dividing a worldwide market into smaller segments of consumers who share similar needs, characteristics, or behaviors.