Examlex
Which of the following terms refers specifically to the activities needed to move products efficiently from manufacturer to consumer?
Guaranteed Wages
A compensation strategy where employees are assured of a minimum amount of income, regardless of work hours or output.
Skill-Based Pay
A compensation system that rewards employees for their range of skills or depth of knowledge, rather than their job title.
Skill-Based Pay
A compensation system where employees are paid based on the skills, knowledge, and abilities they possess rather than their job title or position.
Performance-Based Pay
A compensation system where an employee's pay is directly linked to their performance or achievements, incentivizing efficiency and productivity.
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