Match the Following Numbered Items with the Most Correct Response

question 57

Multiple Choice

Match the following numbered items with the most correct response letter.
A response may be used once, more than once, or not at all.
-Annual salary increases

• A)Merit pay
• B)Motivation factor
• C)Hygiene factor
• D)Incentive pay
• E)Punishment

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Definitions:

Barriers to Entry

Factors that prevent or hinder companies from entering a particular market or industry, such as high startup costs or complex regulations.

Consumer Ignorance

A situation where consumers lack necessary information about products or services, which can affect their buying decisions and market outcomes.

Inelastic Demand

A situation where the demand for a product does not significantly change in response to changes in its price.

Product Differentiation

The process of distinguishing a product or service from others, to make it more attractive to a particular target market involves variations in quality, features, or design.