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
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.
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
Question : Case Study: XYZ Software Solutions
XYZ Software Solutions is a startup that provides innovative software solutions. The company is planning to launch a new product and wants to ensure a successful launch.
Question : Case Study 21:
ABC Enterprises is a startup in the renewable energy sector aiming to raise funds for its innovative projects.
Question :
To fund its renewable energy projects, ABC Enterprises is considering
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