What are some consequences of a high unemployment rate? What are some consequences of a low unemployment rate?
What will be an ideal response?
High unemployment results in an increase in government spending on unemployment benefits and social services. It can also bring about increases in stress, mental illness, and crime throughout a population. Also, it is costly for businesses to lay off workers and then, as the economy improves eventually, hire and train new employees. Low unemployment means that workers have increased buying power and spend more, which can lead to a higher inflation rate. The challenge is to try to keep both inflation and unemployment low.
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Which of the following products are searched for extensively and may be quite expensive, substitutes are not acceptable, and distribution may be limited?
a. exclusive shopping b. heterogeneous convenience c. branded shopping d. specialty
Prior to the introduction of consultative selling and the partnering era, closing was often presented as:
A) less relevant than strategy B) a type of win-win negotiation C) an unnecessary aspect of selling D) a minor component of personal sales E) the most important aspect of the sales process