Which of the Following Is Not One of the Objectives

question 57

Multiple Choice

Which of the following is not one of the objectives of SERP? (Supplemental Executive Retirement Plans (SERPs) )

• A)Use of SERPs as a tool in executive-level succession planning
• B)Rewarding substantially higher retirement benefits
• C)Compensating for long-term employment
• D)Compensating for older new hires

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Definitions:

Multibranding Strategy

A marketing approach where a single company owns or manages multiple brands in the same product category, differentiating each to target different market segments.

Product Failure

Occurs when a product does not perform as intended or fails to meet consumers' expectations, leading to its withdrawal from the market.

Market Segment

A collective of individuals or entities united by one or more common attributes, resulting in comparable needs for certain products.

Co-branding

A marketing strategy involving the collaboration of two or more brands to create a product or service that leverages the reputation of each brand.