Answer:
The correct answer is 2. A learning management system
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Explanation:
A learning management system is software that makes it easy to manage, deliver, and track analytics for business training programs.
The Learning Management System has become an important tool for organizations seeking to improve the performance and retention of their workforce. Most learning management systems are cloud-based software solutions that companies use as their fundamental tool for managing their training programs. Just as sales teams use and depend on CRM software, or human resources teams depend on HRIS software, LMS software is usually the core technology used by companies' training and development departments.
South Africa's National Youth Development Agency has launched the Ithubalentsha Micro Enterprise Programme, which will provide young aspirant and established entrepreneurs with training, mentorship, micro-enterprise finance, market linkages and access to business opportunities.
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Explanation:
Yes, Every individual employee plays a role in controlling the quality of goods and services produced by their company, and not just the managers. This is true particularly in organizations where employees have been empowered by management.
Answer:
a. Cost cutting may lead to the loss of desirable features
Explanation:
In the business market, sometimes there occurs a price war between the various companies regarding the same type product and each company reduces the price to as minimum as possible to take the cost leadership in the market. Some drawbacks that occur in such a strategy of companies are listed here -
- There is a tight control on the expenses during the manufacturing of products which often results in loss of desirable features in the products
- No new innovations are made as companies focus mainly of the current product
- The feedback of customers seem to be of no importance in such conditions
- This strategy promotes the lower quality products in the market
The beginning balance of retained earnings
