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After a problem has been identified, the next step in problem solving is to:
Market Increases
Adjustments in the price levels of goods and services in a market, often influenced by factors such as supply and demand, inflation, and economic policies.
Compensation Surveys
Research conducted to gather and analyze competitive salary data, used by organizations to benchmark their compensation packages.
Labour Market
The supply and demand for labor, where employers seek to hire workers and workers seek employment.
Market Values
The current price at which an asset or service can be bought or sold in the market.
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