When Managers at Matsushita Realized That Cost Advantages in TV

question 73

Multiple Choice

When managers at Matsushita realized that cost advantages in TV production were often fleeting,they added quality and reliability advantages,thus establishing:

• A)loose bricks.
• B)a logo.
• C)attribute diversity.
• D)layers of advantage.
• E)buyer power.

Understand strategic considerations in setting pay levels and dealing with wage compression.

Grasp the importance of internal and external equity in compensation management.

Understand the role of job classifications and benchmarks in determining pay.

Recognize the significance of legislation on compensation strategies and practices.

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Definitions:

Apical Dominance

The phenomenon where the main, central stem of the plant grows more vigorously than the other side stems due to the concentration of growth hormones at the tip.

Ethylene

A hydrocarbon gas (C2H4) that acts as a plant hormone, influencing growth, development, and responses to environmental stress.

Stimulate

To encourage or cause an increase in activity or a process, often leading to a desired response or function.

Inhibit

To inhibit is to prevent or decrease the rate of a process or reaction, often used in the context of biological mechanisms or chemical reactions.