Which of the Following Is a Source of Competitive Advantage

question 40

Multiple Choice

Which of the following is a source of competitive advantage at General Electric?

• A) The firm's Internet strategy
• B) The firm's emphasis on technology management
• C) The firm's system of training and development of future leaders
• D) The firm's strategic orientation

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Definitions:

Piecework Rate System

A compensation system where employees are paid based on the quantity of units they produce or complete, rather than receiving an hourly wage.

Merit Pay System

A compensation strategy that rewards employees based on their performance, as opposed to factors such as seniority or hours worked.

ESOPs

Employee Stock Ownership Plans, a program that provides a company's workforce with an ownership interest in the company.

Significant Risk

The potential for a substantial negative outcome, affecting health, safety, or the environment.