Which of the Following Products Could Be Classified as Having

question 33

Multiple Choice

Which of the following products could be classified as having the characteristics which will meet a common customer need?

• A)Pens
• B)Electronic devices
• C)Computer hardware
• D)Cigarettes
• E)All of the above

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Definitions:

Profit-Sharing Plans

A type of incentive plan that gives employees a share in the company’s profits based on its quarterly or annual earnings, promoting a sense of ownership and participation.

Merit-Pay Plans

Pay-for-performance plans where employees receive salary increases or bonuses based on their performance evaluations.

Goal-Sharing Plans

Compensation strategies designed to incentivize employees by sharing financial benefits when specific organizational goals are achieved.

Attendance Incentives

Programs or rewards designed to encourage and increase employee attendance and punctuality.