Examlex
Which of the following statements about the service sector is true?
Utility Analysis
A method used in human resources and organizational psychology to assess the economic value or effectiveness of interventions like training programs, by comparing costs and benefits.
Training Initiative
A strategic approach aimed at developing skills and knowledge within an organization through structured training programs.
Utility Factor
A measure of the usefulness or practical benefit that an individual or society gains from a product, service, or activity.
Development Costs
Expenses incurred in the creation, design, and implementation of new products, projects, or services, including research and development.
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