Examlex
Key Terms
Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
middle classes
Human Resource Audit
An examination of the human resource policies, practices, and systems of a firm (or division) to eliminate deficiencies and improve ways to achieve goals.
Cost Leadership Strategy
A business strategy focused on gaining a competitive advantage by being the lowest cost producer in the industry.
Gains In Productivity
Increases in output per unit of input, often realized through improvements in efficiency, technology, or methods of work.
Employee Benefits
Various types of non-wage compensation provided to employees in addition to their normal salaries or wages.
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