Which of the Following Justify the Importance of Employee Retention

question 27

Multiple Choice

Which of the following justify the importance of employee retention as a critical management strategy

• A) the high costs of recruitment, selection and training a new employee
• B) the instability caused by high employee turnover
• C) the potential adverse effects on quality of care
• D) All of the above

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Definitions:

Nestlé

Nestlé is a multinational packaged foods and beverage company headquartered in Switzerland, known for its wide range of products including baby food, bottled water, coffee, dairy products, and more.

General Mills

An American multinational manufacturer and marketer of branded consumer foods sold through retail stores, known for products like cereals, snacks, and more.

Vertical Marketing Systems

A coordinated approach to distribution and marketing designed to ensure that products or services flow smoothly from the producer to the consumer with the involvement of various intermediaries.

Channel Economies

The cost savings and efficiency gains derived from using effective distribution channels to deliver products or services to consumers.