Today, the Low Cost of Setting Up Shop ________ Makes

question 147

Short Answer

Today, the low cost of setting up shop ________ makes it even more profitable to serve very small niches.
in malls in major cities
in mail-order catalogs
on the Internet
near major competitors
far from competitors

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Definitions:

Wage Compression

A situation where differences in wages among employees in an organization become minimized, often due to external wage pressures or internal pay equity initiatives.

External Equity

The perception of fairness in compensation when comparing one's salary and benefits to those in similar positions in other organizations.

Internal Equity

The principle of ensuring that employees who perform similar jobs or have comparable skills and responsibilities within an organization are paid equitably.

Competency-Based Pay

A compensation system that rewards employees based on their skills, knowledge, and performance rather than their job title or position.