Support Activities Define the Infrastructure of the Firm and Serve

question 18

True/False

Support activities define the infrastructure of the firm and serve as the basis for the daily implementation of primary activities in the value chain.

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Definitions:

Labor-force Participation Rate

The percentage of the working-age population that is either employed or actively looking for work.

Total Adult Population

The number of individuals within a specific area or country who are considered legal adults, often used in demographic and economic analyses.

Labor Force

The total number of people eligible to work, including both the employed and the unemployed.

Unemployment Rate

The quota of the labor force that is experiencing unemployment while actively seeking ways to be employed.