An Organization Attempts to Gain a Competitive Advantage by Training

question 89

Multiple Choice

An organization attempts to gain a competitive advantage by training its production workers to use new technologies.As a result,the workers can enlarge their skills.This is primarily focusing on which aspect of the organization?

• A)Quality
• B)Efficiency
• C)Innovation
• D)Customer responsiveness
• E)Empowerment

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Definitions:

Annuity Payments

Regular fixed payments received from an investment over a specified period of time.

Time Value

The belief that money possessed today holds more value than the equivalent amount in the future, owing to its potential to generate income.

Money

Money is a medium of exchange that nations have adopted to facilitate the sale, purchase, or trade of goods, services, and other transactions.

Future

A contract to buy or sell a specified asset at a predetermined price at a specified time in the future, used for hedging or speculation.