Applicants for Positions at a Product Distribution Site Are Required

question 79

Multiple Choice

Applicants for positions at a product distribution site are required to demonstrate the ability to drive a forklift and operate the controls of various machines within the product packaging line. This is an example of the ________ component of an HRM system.

• A)training and development
• B)labor relations
• C)recruitment and selection
• D)performance appraisal
• E)performance feedback

---

Definitions:

First-degree Price Discrimination

A pricing strategy where a seller charges the maximum possible price for each unit consumed, tailored to the buyer's willingness to pay.

Incremental Revenue

The additional income received from selling one more unit of a product or service.

Marginal Revenue

The additional income received from selling one more unit of a good or service; it is a critical concept in deciding the optimal quantity of goods to produce.

Price Discrimination

The practice of charging different prices to different consumers for the same product or service, based on their willingness to pay.