One of the Reasons for the Underinvestment in Training and Development

question 22

True/False

One of the reasons for the underinvestment in training and development by Canadian companies is the perception that training, learning, and development expenditures represent a cost rather than an investment.

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Definitions:

Import Substitution

A strategy aimed at reducing foreign dependency through the domestic production of previously imported goods.

Infant Industries

Newly established industries that may not yet be competitive in the global market without protection or support from the government.

Global Rivals

Competitors that operate in multiple countries around the world, often vying for market share in the same industry sectors.

Infant Industry

A newly established sector or industry in its early development stage, often protected by the government through tariffs or subsidies to help it grow.