__________ Focuses on Developing Competencies That an Employee or Workgroup

question 46

Multiple Choice

__________ focuses on developing competencies that an employee or workgroup is expected to need in the future.

• A) Training
• B) Learning
• C) Development
• D) Performance

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Definitions:

Advertising

The action or profession of producing advertisements for commercial products or services to influence consumer behaviors.

Network Externalities

The value of a product to a consumer increases with the number of that product being sold or used in the market.

Product Variety

The range of different products or services offered by a company or available in a market.

Cost Economies

Refers to economies of scale where the average cost per unit of production decreases as the volume of production increases.