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Penny Bank, a Discount Store, Is Highly Competitive

question 88

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Penny Bank, a discount store, is highly competitive. When entering a new market, Penny Bank often cuts prices so deeply that it sells below costs, effectively pushing smaller retail stores with less purchasing power out of the market. In this case, Penny Bank is using ________.


Definitions:

Performance Appraisal

A systematic evaluation process in which the work performance of an employee is assessed, typically by their manager, with feedback provided for future improvement.

Behaviorally Anchored Rating Scales

A performance appraisal method that uses specific examples of behavior to rate an employee's performance.

Performance Effectiveness

The level of success in accomplishing goals and resolving identified issues.

Acronym BARS

stands for Behaviorally Anchored Rating Scales, a performance appraisal method linking performance ratings to specific behavioral examples within job-relevant categories.

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