What Is the Difference Between Training and Development for Expatriates

question 25

Multiple Choice

What is the difference between training and development for expatriates?

• A) Training is specific preparation for a job.
• B) Development is specific to a particular job.
• C) Development happens once expatriates are already in the host country.
• D) Training is more long term.

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Definitions:

Industry Concentration Ratio

A measure used to determine the extent of market control held by the largest companies within an industry, often indicating the level of competition.

Perfect Competition

A market structure where many firms sell identical products, entry and exit to the market are easy, and no single firm can influence the market price.

Medium-sized Firms

Companies that occupy the middle ground in terms of annual revenues and employee numbers, larger than small businesses but smaller than large corporations.

Oligopolists

Firms operating in a market structure characterized by a small number of companies that have significant control over market prices and competition.