workforce retraining
What workforce retraining means in Business A-Level, as defined for AQA.
Definition of workforce retraining
Check what you remember
Read the wording for your board, then hide it and explain workforce retraining in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
A workforce consequence of installing technology, alongside redeployment, redundancy and the resistance staff who fear for their jobs may show.
Topics that use workforce retraining
- Making operational decisions to improve performance: increasing efficiency and productivity (AQA A-Level)
Related terms
- average rate of return
- break-even output
- buffer stock
- capacity utilisation
- capital intensive
- gearing
- labour intensive
- payback period
Using workforce retraining in the exam
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