____________________ Is a Pay System in Which a Technician Is

question 25

Essay

____________________ is a pay system in which a technician is paid for the amount of work done based on the time an average technician needs to perform the job.

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Definitions:

Willingness to Pay

The maximum amount an individual is prepared to spend to acquire a good or service or to avoid something undesirable.

Proportional

Relating to or denoting a relationship between two quantities where their ratio remains constant.

Perceived Market Share

The percentage of an industry or market's total sales that is believed to be controlled by a company, as perceived by individuals or entities.

Actual Market Share

The current portion of a market controlled by a particular company, measured by either to the volume or value of its sales.