An Advantage of Seeking to Retain Effective Employees Is

question 4

Multiple Choice

An advantage of seeking to retain effective employees is

• A) the retained employees can bring fresh ideas to the organization.
• B) turnover opportunities create advancement for current employees.
• C) morale will increase if dissatisfied workers stay at the firm.
• D) avoiding the expense involved in replacing employees.
• E) nothing. There are NO advantages to retaining effective employees.

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Definitions:

Target Market

A specific group of consumers at whom a company aims its products and services, identified by certain demographic and psychographic criteria.

Target Market's Economy

The economic environment and conditions that influence the spending habits and purchasing power of a specific target market segment.

Viable Markets

Markets that have sufficient size, purchasing power, and accessibility to be profitable for selling a company's products or services.

Global Entry Strategy

The plan and methodology that a company uses to enter international markets, including exporting, licensing, franchising, or direct investment.