Alejandro Martinez Is Responsible for Setting Up the Pay Structure

question 17

Multiple Choice

Alejandro Martinez is responsible for setting up the pay structure for his company.He believes that newly hired employees should not be paid as much as established employees.Which type of pay structure should Mr.Martinez use?

• A)broadbanding
• B)sales incentives
• C)two-tiered
• D)merit pay

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Definitions:

Low Supplier Power

Refers to a market condition where suppliers have little control over the pricing and terms of sales, giving buyers greater bargaining power.

Strategy

A plan of action designed to achieve a long-term or overall aim, often involving tactical and operational decision-making.

Resources and Capabilities

The tangible and intangible assets that a firm utilizes to develop, manufacture, and deliver products or services to its customers.

Sustainable Advantage

An enduring benefit or competitive edge that a company can maintain over its competitors, often through innovation or strategic resource management.