Quantum Inc

question 36

Multiple Choice

Quantum Inc. and Cosmic Corp often compete with one another in the marketplace. A new business area is emerging that appeals to both firms. However, organizations that will successfully compete in the new business area will need to have a robust laboratory capability as well as an established construction capability. Quantum has the former, and Cosmic has the latter. Although unusual for two competitors, they negotiate and create a(n) ________. Under the terms of this agreement, Quantum and Cosmic formally and jointly pursue their mutual goals.

• A) merger
• B) strategic alliance
• C) acquisition
• D) vertical integration
• E) related diversification

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Definitions:

Compensation Management

The practice of designing and implementing reward strategies and structures to fairly and effectively compensate employees for their contributions to the organization.

Compensation Specialists

Human resources professionals specialized in designing and administering compensation programs to ensure fair and competitive salary and benefits offerings.

Compensation Strategy

This refers to the approach an organization takes to plan and implement payment structures and benefits to employees, aiming to attract, retain, and motivate its workforce.

Compensation Systems

The policies and procedures that determine how employees are paid and rewarded for their work.