The two methods used to identify job opportunities are identify the area of specialization and train yourself according to that specialization.
Explanation:
The job offers can be found through Networking, Referrals, company websites, job fairs and social media.
The another method is through employment agency, are agencies that are trying to match up the job applicants to job that suits them. They have a connection with the organization and there is a high probability of landing a job with the organization.
Also, it is necessary to upgrade yourself to the area of specialization. If IT skilled then the job seeker should train on it to get placed on that relevant organization.
Answer:
1) What is the size of Labor force
?
60 people are full time employed + 20 people who are part-time employed + 20 people who are unemployed = 100 people
2) What is the Unemployment rate?
20 people who are unemployed / 100 people = 0.2 or 20%
the unemployment rate includes only those people who do not have a job but are willing and able to work, and are currently looking for one.
Answer: Selling exports abroad at a lower price than the domestic price.
Explanation:
Dumping is a practice in international trade where the country exporting, does so at a price that is lower than the domestic price of the good being exported in the importing country.
This allows the country exporting to gain more market share but can also lead to the collapse of the domestic industry thereby allowing for an export based monopoly to form.
An example would be Japan selling electronics in the U.S. at lower rates to capture market share even though those same electronics commanded a higher price in Japan.
On Harvard Business News it explained this connection on strategic management, it links all the strategies and complexities in the business. Because of the diversity and continuous change in business schemes and application, there is a need to merge everything and all the phases that occurred in the business. The aim of strategic management is to simplify everything and make it individualized and cater the clients on the services or products it has.
