If the returns are constant to scale, the output increases by the same as the increase in inputs, therefore, it would double.
This approach by trainers at Lako Systems trying to maximize the transfer of learning by demonstrating processes on the manufacturing floor rather than just describing them is known as Transfer of training.
<h2>What is transfer of training?</h2>
Applying knowledge and abilities learned during training to a specific job or role is known as transfer of training.
Transfer of training, for instance, happens when a worker applies the safety habits they learned in the classroom to their workplace.
The theory of transfer of training describes the positive, zero, or adverse performance results of a training program. It is a specific application of the theory of transfer of learning.
Many firms now strive to achieve the positive transfer of training, or the improvement in work performance attributable to training.
Training methods, workplace dynamics, and trainee characteristics all play a role in achieving this objective of positive transfer.
Learn more about transfer of training here:
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The correct question should be:
Companies facing the challenge of setting prices for the first time can choose between two board strategies; marketing-penetration pricing and _______ pricing.
Answer: Market Skimming pricing.
Explanation:
A company with a product new to the market can either choose to use the market penetration pricing or the market skimming pricing.
The market penetration pricing works best in a market with a lot of competition. The penetration pricing is a kind of pricing a company uses where the price of it's Products are set to be very low to attract price-sensitive consumers and still make profit.
The market skimming pricing on the other hand is a price setting method where a high entry price is set for a new product and then subsequently reduced with increase in market competition.
Answer:
Economical, technological, and ecological.
Explanation:
PESTEL factors that are most salient for the electric vehicle segment of the car industry are economical, technological, and ecological. Electric cars would be economic as compared to gas and other forms of energy used to run a car or any other vehicle.
Answer:
The correct answer is the option C: Relational switching cost.
Explanation:
To begin with, the concept known as <em>''switching cost'' </em>in the field of business, basically refers to all the costs involved in the procedure of switching from a supplier to a new one. Moreover, this term also involves many different types, such as financial switching costs, procedural switching costs and relational switching costs.
To continue, the third one, <em>the relational switching cost</em> refers to the situation where a company has changed its supplier and a big loss of identification and emotional bonds changed as well with it. Furthermore, when relational switching costs take place the personal relationships between the people involved in the transactions of the company are lost and that generates an impact in the new relationships with the new supplier.
