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Epic Electronics recently launched a program to evaluate the relative levels of skills, education, and training needed to perform various jobs. Based on the results of this evaluation, Epic intends to adjust pay scales so that jobs requiring similar levels of skills, abilities, and education will receive similar pay. Epic Electronics's program is an attempt to deal with the issue of
Limited Service
Refers to a business model where only a partial range of services is offered to customers as opposed to full-service alternatives.
Service Retailer
A business that sells intangible products or services directly to consumers.
Low Prices
The strategy of setting the cost of a product or service lower than the competition, often to attract more customers or gain a market share.
Experiential Retail
A retail strategy that focuses on providing customers with experiences beyond the traditional shopping encounter to engage and entertain.
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