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Scenario 10-1 For Four Months You Have Been Employed as the Part-Time

question 24

Multiple Choice

Scenario 10-1
For four months you have been employed as the part-time HRM for TS Inc., a small Canadian aviation company. In the past, recruitment and selection rested on the shoulders of the president and, like most small companies, TS Inc. used employee referrals and an informal interview processes in selecting employees. Since you have been hired, you have guided management through several stages of the recruitment and selection process to hire an aircraft maintenance engineer. TS Inc. has used proper selection methods such as screening, testing, and structured interviews but is not sure about how to integrate the data from these various sources. In the past, the president relied on his gut feeling about applicants and made poor hiring decisions.
-Refer to Scenario 10-1. The president commented on one applicant as being honest and confident as revealed by his unswerving eye contact. What is this an example of?

Definitions:

Prestige Pricing

A pricing tactic that involves pricing a product higher than competitors to signal that it is of higher quality.

Superior Quality

Refers to the highest standard of product or service performance that significantly exceeds the requirements and expectations of customers.

Odd Pricing

A pricing strategy that sets prices just below round numbers (e.g., $19.99 instead of $20) to psychologically appeal to consumers by seeming lower.

Global Pricing

The strategy of setting prices for products or services on a global scale, taking into account various international market factors.