The Percentage of the Working-Age Population in the Labor Force

question 121

Multiple Choice

The percentage of the working-age population in the labor force (= employed + officially unemployed) is called the

• A)labor force participation rate.
• B)employment-population ratio.
• C)work-activity rate.
• D)work-nonwork ratio.

---

Definitions:

International Operations Strategies

Plans and approaches used by businesses to manage and execute operations across different countries effectively.

Domestic Model

A business or economic model that is primarily focused on serving the needs of the domestic market within a country.

Global Strategy

A strategy in which operating decisions are centralized and headquarters coordinates the standardization and learning between facilities.

Low-Cost Leadership

A business strategy where a company offers products at the lowest cost in the market to gain competitive advantage.