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Question : Case Study 5: Benefits of Entrepreneurship Development

ABC Textiles is a textile manufacturing company that has been operating for over two decades. Due to technological advancements, the company faced stiff competition from newer, more efficient manufacturers. The management decided to invest in training their employees in the latest technologies and innovative techniques, resulting in increased productivity and better product quality.

Question:

What benefit did ABC Textiles experience by investing in employee training?

Option 1: Increased competition from other manufacturers
 

Option 2: Decreased productivity
 

Option 3: Better product quality and increased productivity

 

Option 4: Loss of market share


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: Better product quality and increased productivity

 


Solution : The correct answer is (c) Better product quality and increased productivity

Investing in training employees in the latest technologies and innovative techniques resulted in improved skills and knowledge among the workforce. This, in turn, led to better product quality and increased productivity. The training helped the company adapt to technological advancements, enhancing its competitiveness in the market.

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