Discuss the Two Time-Frame Determinants That Managers Need to Make

question 82

Essay

Discuss the two time-frame determinants that managers need to make while assessing market receptiveness for a technological innovation. Give a suitable example.

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Definitions:

Salary

A fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker.

Wages

Monetary compensation paid by an employer to an employee in exchange for work performed, typically calculated on an hourly, daily, or weekly basis.

Bonuses

Additional compensation rewards given to employees as recognition for good work or achievements beyond their regular pay.

Job Evaluations

A systematic way of determining the value/worth of a job in relation to other jobs within an organization to establish a fair and equitable pay structure.