External Competitiveness Is Expressed in Practice By

question 17

Multiple Choice

External competitiveness is expressed in practice by:

• A)comparing the performance of departments within an organization
• B)increasing the compensation differences between employees in an organization
• C)encouraging the competitiveness of employees within an organization
• D)setting a pay level that is above, below, or equal to competitors'
• E)equalizing pay for all employees within the organization, irrespective of seniority

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Definitions:

Cell Phones

Portable electronic devices that allow users to make voice calls, send text messages, and access various digital services.

Total Profit

The total income a business earns after subtracting all expenses and costs associated with its operations.

Marginal Benefit

The added value or enjoyment a consumer gets from using an additional unit of a product or service.

Gadgets Consumption

Refers to the purchase and use of technologically advanced or innovative electronic devices by consumers.