​What Term Refers to Employer and Employee Expectations of the Employment

question 32

Multiple Choice

​What term refers to employer and employee expectations of the employment relationship that operate over and above the formal contract of employment?

• A) ​psychological contract
• B) ​informed consent
• C) ​emotional intelligence
• D) ​emotional contract
• E) ​prenuptual agreement

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Definitions:

Cost Focus

A business strategy that aims to become the lowest-cost producer in an industry or market segment to gain a competitive advantage.

Market Segments

Market Segments are distinct groups of consumers within a broader market who share similar characteristics and needs.

Differentiation Focus

A strategy where a company targets a specific market segment with a unique product or service offering to stand out from competitors.

Market Segments

Separation of a market into unique segments of consumers with diverse needs, traits, or actions who may need distinct products or marketing strategies.