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The magnification effect suggests that the change in the price of a resource is smaller than the change in the price of the good that uses the resource relatively intensively.
Training Program Cost
The total expense incurred in the design, development, delivery, and evaluation of a training program.
Return on Investment
A financial metric used to evaluate the efficiency or profitability of an investment, comparing the magnitude and timing of gains to costs.
ROI
A metric used to evaluate the efficiency or profitability of an investment, comparing net gain to initial cost.
Utility
The usefulness or value that a product, service, or action provides to individuals or organizations.
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