What Was the Motivation Behind White Spot Starting Its In-House

question 46

Multiple Choice

What was the motivation behind White Spot starting its in-house Red Seal Certification program?

• A) because it wanted to increase the skills and numbers of certified chefs in its restaurants
• B) because a large supply of certified chefs was available from culinary schools
• C) because it is cheaper to train than to hire
• D) because of the tax benefits associated with in-house training expenditures and government grants

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Definitions:

Cross-price Elasticity

A measure of how the demand for one good changes in response to changes in the price of another good.

Substitutes

Alternate products or services that can satisfy the same consumer need, allowing consumers to switch between them based on preference, price, or availability.

Cross-price Elasticity

A measure of how the demand for one good responds to a change in the price of another good, indicating substitutes or complements.

Complements

Goods or services that are used together, such that an increase in demand for one leads to an increase in demand for the other.