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You are a consultant called in to estimate the costs after the employees learn how to do a job more efficiently by repetition of new product. You find a company can produce a product the first time at a cost of $5,000. If their 90 percent learning curve allows them to reduce their costs on each unit, what is the total cost of producing 100 units of the new product?
Define and discuss the importance of reliability in the selection process.
Explain the rival principles of distribution
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What factors might inhibit HRD managers from developing a strategic planning approach to training? How might these factors be overcome?
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