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A)Compare and Contrast Mentoring and Coaching

question 14

Essay

a)Compare and contrast mentoring and coaching.b)If you were implementing a mentoring program in your company,what best practices would you implement to improve the chances of developing successful learning outcomes from your mentoring program


Definitions:

Total Surplus

The sum of consumer and producer surplus; represents the total net benefit to society from the production and consumption of a good or service.

Deadweight Loss

Economic efficiency is lost when the balance for a good or service is either not met or unattainable.

Tariff

A tax imposed on imported goods and services to regulate trade, increase government revenue, or protect domestic industries.

Consumer Surplus

The variance between the sum consumers are inclined and can afford to pay for a good or service and the sum they genuinely pay.

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