Based on the Work of Gallup Researchers, Which of the Following

question 21

Multiple Choice

Based on the work of Gallup researchers, which of the following is a likely behavior of excellent managers in their training and developing of subordinates?

• A) They will not engage with very many employees because most will never be good performers.
• B) They will engage with an apathetic employee, but they will not try to turn this employee into a star performer.
• C) They will try to engage and motivate every employee because they believe every person can show major change in who they are.
• D) They will work hard, through training and encouragement, to encourage an unethical employee to adopt a philosophy of ethical behavior.

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Definitions:

Penetration Pricing

A pricing strategy aimed at entering a new market by setting a low price initially to attract customers and gain market share.

Escalator Clause

A section in a contract that provides for price increases if certain, specified conditions occur.

Loss-leader Pricing

A pricing strategy where a product is sold at a loss to attract customers, with the expectation they will make additional purchases of other items at regular prices.

Elastic Demand

Demand for which a given percentage change in price results in an even larger percentage change in quantity demanded.