Under What Conditions Should Managers and Trainers in Companies Consider

question 39

Essay

Under what conditions should managers and trainers in companies consider using new technology training methods?

Describe the differences between types of goods based on income changes.

Analyze the effects of price changes on revenue depending on demand elasticity.

Understand concepts of normal and inferior goods.

Grasp the factors affecting demand elasticity.

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Definitions:

Consumer's

Related to or involving the actions and decisions of individuals who purchase goods and services for personal use.

Utility

a measure of satisfaction or happiness that a person derives from consuming goods and services.

Satisfaction

The level of contentment or fulfillment received from consuming a product or service.

Usefulness

The ability or quality of being able to serve a purpose effectively or efficiently.