A Pay System Where Employees Doing the Same Jobs Are

question 17

Multiple Choice

A pay system where employees doing the same jobs are paid two different rates,depending on when they were hired is called _________.

• A)an unfair wage plan
• B)a two-tier wage plan
• C)a two-level wage plan
• D)an inequitable wage plan

Understand the fundamental principles of service marketing strategies.

Recognize the importance of pricing strategies in service marketing.

Comprehend the crucial role of place or distribution in service marketing due to the inseparability of services.

Grasp the significance of off-peak pricing and its application in managing demand for services.

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Definitions:

After-Tax Profits

Net income after accounting for all taxes, representing the company's profit remaining after tax expenses.

High-Low Method

A technique used in cost accounting to estimate variable and fixed costs based on the highest and lowest levels of activity.

Variable Costs

Costs that vary directly with the level of production or sales volume, such as raw materials and labor.