Answer:
26.67%
Explanation:
Employed person = 27 million
Unemployed person = 3 million
Total labour force = Number of people employed + Number of people unemployed
Total labour force = 27 million + 3 million
Total labour force = 30 million
Unemployment rate = Number of people unemployed + Remaining people / Total labour force
Unemployment rate = 3 million + 5 million / 30 million
Unemployment rate = 8/30
Unemployment rate = 0.2666667
Unemployment rate = 26.67%
Hence, the unemployment rate equals 26.67%
Answer:
The correct answer is more inelastic; more elastic.
Explanation:
Inelastic demand is that demand that is not very sensitive to a change in price. In this way, before a variation in the price the quantity demanded reacts in a less than proportional way. For example, if the price increases by 10% and in response the quantity demanded is reduced by less than 10%, then the demand is said to be inelastic.
The elasticity of demand, also known as the elasticity-price of demand, is defined as the percentage change of the quantity demanded before a percentage change in the price.
An elastic demand is that demand that is sensitive to a change in price. In this way, a small variation in the price causes a more than proportional change in the quantity demanded. Thus, for example, if the price increases by 10% and in response the quantity demanded is reduced by more than 10%, then the demand is said to be elastic.
Answer:
customer relationship management
Explanation:
It is referred to as the approach by which a healthy relationship between the customer and the company is maintained. it mainly focuses to build a more healthy relationship with the potential customer.
It consists of all the details of potential customers to improve their relationship with them. especially a post named customer relationship manager is created that the main focus is to deal with all that customers who lie in the potential customer lists.
Answer:
Market Research.
Explanation:
The collection and analysis of information aimed at understanding the behavior of consumers is called market research.
Market research can be defined as a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of information pertaining to the customers of a business firm or organisation. The informations acquired through market research is then used by the executive management and sales department in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.
