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Techniques

question 98

Multiple Choice

Techniques., a software company, uses job evaluations to establish the value of its jobs in terms of criteria such as their difficulty and their importance to the organization. The company then compares the evaluation points awarded to each job with the pay for each job. If jobs have the same number of evaluation points but are not paid equally, the pay of the lower-paid job is raised. Based on the scenario, identify the policy adopted by the company.

Definitions:

Exporting

A global market-entry strategy in which a company produces products in one country and sells them in another country.

Global Market Entry Strategy

Plans and methodologies developed by businesses to enter international markets, considering factors like market analysis, entry mode, and competitive dynamics.

Political and Regulatory Climate

The current environment and trends in government policies and regulations that affect businesses and markets.

Macrofinancing

Financial operations and policies on a large scale, often involving significant amounts of money and impacting the broader economy.