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Tim and Tina Own an Independent Pet Grooming Business in Which

question 50

Essay

Tim and Tina own an independent pet grooming business in which employees are hired to groom the animals,take care of customer needs and clean the facility.Other area competitors offer the same services and pay their employees minimum age.Tim and Tina have decided to pay employees $12.00/hr,and include unlimited services for the employee's animals and allow them to provide grooming for one guest of their choice each month.What could the grooming business gain from this payroll decision?

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Definitions:

Personal Benefits

Advantages or gains received personally, often in the context of employment or social welfare.

Selfish Motives

The driving force behind actions that prioritize personal gain over the welfare of others.

Personal Costs

Expenses borne directly by an individual, including out-of-pocket payments and the opportunity costs of alternative actions.

Economic Activity

All activities related to the creation, dissemination, and use of products and services in an economy.

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