Team Training Is the Training That Helps an Employee to Update

question 22

True/False

Team training is the training that helps an employee to update his professional skills.

Understand the role and formulation of organizational missions in strategy development.

Recognize strategies for competing on differentiation, cost leadership, and responsiveness.

Analyze the role of experience differentiation in service delivery.

Understand the process of developing strategies to achieve organizational missions and goals.

---

Definitions:

Marginal Revenue

The additional income that is gained from selling one more unit of a product or service.

Consumer Surplus

The discrepancy between the total sum consumers are prepared and capable of paying for a good or service, and the total sum they end up paying.

Profit Maximize

The method through which a company identifies the optimal pricing and production volume to maximize its profits.

Output

Output is the total amount of goods or services produced by a company, sector, or economy within a certain period, indicating the level of productivity and capacity utilization.