<h3>In the given scenario unemployment rate is 10%
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Explanation:
In the given problem,
Number of People who are working is 90,000
Number of People who are not working but looking and available is 10,000
Unemployment rate = Percentage of the total labor force that is unemployed but actively looking for employment and ready to work.
Unemployment rate = ((Unemployed people * 100) / (Total people in an economy (Working + Available for work)))
Unemployment rate = ((10000 * 100) / (90000+10000))
Unemployment rate = (1000000 / 100000)
Hence, Unemployment rate = 10%
Answer:
it is an example of minimizing the risk of business
Explanation:
There is a difference between managing proactively and creatively.
Managing creatively only carried out after the company experience some sort of bad circumstances. IT is used to fix the situation.
Managing proactively on the other hand is carried out on a regular basis, even before any bad circumstances happen. This type of management will prevent the company in experiencing unnecessary damage and will be beneficial for the company in the. long run, This will minimize the risk that might occur to the company.
Answer:
promotion
Explanation:
In Marketing mix, promotion refers to all the efforts that the company do in order to achieve two objectives :
- Make the consumers aware about their product
- Somehow influence the consumers to purchase the products.
Advertising is the main methods that most companies use in order to create awareness of their product. This might cost a lot of money, but if the advertising campaigns are successful, they will take a lot more in return.
In order to influence the consumers, the company could utilize various techniques. They could use things such as attractive packaging, cheap prices, additional values from the materials/ingredients of the products, innovation, etc.
