In the Context of Incentive Systems, ________ Reward Employees for Increasing

question 51

Multiple Choice

In the context of incentive systems, ________ reward employees for increasing productivity or saving money in areas under their direct control.

• A) gainsharing plans
• B) individual incentive plans
• C) stock plans
• D) profit-sharing plans
• E) merit pay systems

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Definitions:

Premiums

Items or services offered for free or at a low cost as an incentive to encourage a purchase or reward customer loyalty.

Contests and Sweepstakes

Promotional marketing strategies that involve participants entering to win prizes through skill (contests) or at random (sweepstakes).

Dealer Premiums

Incentives or rewards given to dealers or retailers to motivate them to push for higher sales of a particular product.

Knowledge Brokers

Individuals or entities that facilitate the transfer and sharing of knowledge between different groups or organizations.