Which of These Is a Risk to a Firm That

question 54

Multiple Choice

Which of these is a risk to a firm that provides on-the-job-training to its employees?

• A) The per-employee cost of the training is higher for groups of employees than if each employee sought individual training.
• B) Attending on-the-job-training reduces the incentive for ambitious employees to gain new skills.
• C) While the firm is covering the cost of the training, the employee could leave to work for another employer after receiving the training.
• D) Employees may lose confidence that the employee thinks he or she has skills.

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Definitions:

Demand Curve

A graph that relates the quantity sold and price, showing the maximum number of units that will be sold at a given price.

Pricing Approach

Strategies employed by businesses to set the price of their products or services, taking into account costs, demand, and competition.

Prestige Pricing

A pricing strategy where prices are set higher than average to create an image of exclusivity and high quality, appealing to status-conscious consumers.

Demand-oriented Approach

focuses on understanding and meeting the existing demand of consumers as the primary strategy for product development and marketing.