A Consideration When Deciding Whether to Develop Training In-House or to Outsource

question 53

Multiple Choice

A consideration when deciding whether to develop training in-house or to outsource it to another company is to figure out:

• A)whether the trainers will have rapport with the attendees
• B)the costs of each kind of training
• C)what sales quarter the new hires will begin in
• D)whether the outsourced trainer has internet access
• E)how computer-savvy the salespeople are

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Definitions:

Oligopoly

An economic scenario where a handful of companies dominate the market, resulting in minimal competitive activity.

Herfindahl Index

A metric used to assess the level of concentration within a market, achieved by taking the square of each firm's market share and summing these squares.

Bar Soap

A solid piece of cleansing substance typically made from water, alkali, and fats or oils, used for washing and personal hygiene.

Gasoline Pumps

Machines at gas stations that dispense gasoline into the fuel tanks of vehicles.