Training is a planned effort by a company to facilitate the learning of job-related competencies, knowledge, skills, and behaviors by employees.

Answer the following statement true (T) or false (F)


True

Training is a planned effort by a company to facilitate the learning of job-related competencies, knowledge, skills, and behaviors by employees. The goal of training is for employees to master the knowledge, skills, and behaviors emphasized in training and apply them to their day-to-day activities.

Business

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Price elasticity of demand is the percent change in demand divided by a percent change in price

Indicate whether the statement is true or false

Business

During the ________ step of the selling process, the salesperson tells the value story to the buyer, showing how the company's product or service solves the customer's problems

A) prospecting B) preapproach C) presentation D) closing E) follow-up

Business

If output decreases

A) total fixed costs will remain the same B) total variable costs will remain the same C) total mixed costs will remain the same D) all of the answers are correct

Business

How are cumulative learning and experience effects of a company most likely to affect Michael Porter's five forces?

A. Availability of complements will be low. B. Bargaining power of suppliers will be high. C. Threat of substitute products and services will be high. D. Threat of new entrants will be low.

Business