Focus Production Is

question 19

Multiple Choice

Focus production is

• A) a strategic decision to make only what the market desires.
• B) iused by those firms not sure of the market demands.
• C) a strategy in which a given plant produces one or two items of the company's total product line.
• D) a trend in the electronics industry with manufacturing in China.

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Definitions:

Organization-Level Incentive

A reward or bonus system designed to encourage and reward collective achievements of all members within an organization, aiming to drive overall organizational performance.

Profit Sharing

A company policy where employees receive a share of the company's profits beyond their regular pay, serving as an incentive and reward.

Gainsharing

A type of incentive plan where employees receive bonuses based on the cost-saving or performance improvements they help achieve for the company.

Merit Pay

A compensation strategy that links pay increases to performance appraisal ratings.