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Which are the three primary strategic determinants of a strategic business unit's ability to create value?
Compensation Level
The scale or amount of wages, salaries, and benefits that employees receive, which can vary based on position, experience, competence, and market factors.
Compensation Budget
The allocated amount of money that an organization plans to spend on employee salaries, wages, and other benefits over a specific period.
Forecast
The process of making predictions about future events, often based on analysis of data and trends.
Compensation System
The method and structure used by organizations to reward their employees, including wages, benefits, bonuses, and incentives.
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