For Long-Run Pricing Decisions, Using Stable Prices Has the Advantage

question 39

Multiple Choice

For long-run pricing decisions, using stable prices has the advantage of

• A)helping build buyer-seller relationships.
• B)reducing the need to change cost structures frequently.
• C)reducing competition.
• D)minimizing the need to monitor competitors prices frequently.
• E)increasing margins.

Gain insights on enhancing the credibility of estimating the benefits of training programs and understanding why cost-effectiveness calculations are considered both art and science.

Differentiate between cost-effectiveness evaluation and cost-benefit evaluation in the context of training programs.

Recognize the importance for trainers and HR professionals to calculate and demonstrate the financial results of training and development investments.

Understand the reasons why managers might avoid the costing process in training and how senior management can encourage the incorporation of costing and quantifiable benefits in training programs.

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Definitions:

Breccia

A rock composed of broken fragments of minerals or rock cemented together by a fine-grained matrix.

Rock Characteristics

The inherent properties and features of rock, including texture, mineral content, and permeability among others.

Angular Clasts

Angular clasts are pieces of rock that have sharp edges and points, indicating they have not been traveled far from their source because they have not been significantly worn down by erosion.

Breccia

A type of rock consisting of angular fragments of minerals or rocks cemented together by a finer-grained matrix, often formed by volcanic or tectonic actions.