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In Fast Changing Industries, Firms Have to Maintain Market Share

question 24

Essay

In fast changing industries, firms have to maintain market share, efficiency, and simultaneously commit to new technologies and standards for their future. How can they achieve this?


Definitions:

Computer-based Training

An educational approach where learners use instructional software to complete exercises as a method of learning.

Training Costs

The total expenses incurred in the design, development, delivery, and evaluation of training programs.

Training Design

The planned, systematic layout and structure of a training program, including objectives, delivery methods, materials, and assessment tools.

Modality Principle

A guideline in multimedia learning that suggests people learn better from words and pictures when the words are spoken rather than presented in text form.

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