Gainsharing Plans Differ from Profit-Sharing Plans in That They

question 93

Multiple Choice

Gainsharing plans differ from profit-sharing plans in that they

• A)distribute payouts more frequently.
• B)encourage employee pursuit of organizational goals.
• C)pay lump sum payments.
• D)can be attached to all types of jobs in the organization.

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Definitions:

Competitive Prices

Pricing strategy that involves setting prices at the same level or slightly lower than competitors to attract customers.

Cost Differentiation Strategy

A business strategy aiming to offer products or services differentiable from competitors' based on features, quality, or service rather than competing primarily on price.

Product Differentiation Strategy

A business approach aimed at distinguishing a product or service from others in the market to attract a specific customer segment.

Inventory Turnover Ratio

Inventory turnover ratio is a financial metric that measures how many times a company's inventory is sold and replaced over a specific period, indicating efficiency in inventory management.