Jade Has Planned to Open a New Cosmetics Shop

question 65

Multiple Choice

Jade has planned to open a new cosmetics shop. Before starting her business, she wishes to identify and analyze her potential customers. Jade can obtain the required information from _____ databases.

• A)government
• B)marketing
• C)finance
• D)property

Understand performance appraisal methods and their importance in human resources management.

Understand the importance and benefits of the employee orientation process.

Recognize the role of developmental programs in preparing employees for promotions.

Grasp the objectives and responsibilities of key federal agencies that enforce anti-discrimination laws in employment.

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Definitions:

Quantity Demanded

The amount of a good or service that buyers are willing and able to purchase at a specific price.

Excess Demand

Excess demand occurs when the quantity demanded of a good or service at the current price exceeds the quantity supplied, often leading to upward pressure on prices.

Unregulated Market

A market where government agencies do not control or limit the behaviors of buyers and sellers, allowing the forces of supply and demand to freely set prices.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, leading to a stable market condition.