Use of Temporary-Help Agencies

question 44

Multiple Choice

Use of temporary-help agencies

• A) increases employees' costs associated with searching for and applying for available temporary openings.
• B) increases the quasi-fixed costs of hiring temporary workers.
• C) is more common when firms can build up inventories.
• D) requires employers to pay more per hour than if they hired the worker directly.

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Definitions:

Brand Extension

involves the use of an established brand name on a new product in a different category, leveraging the brand's existing recognition and goodwill to introduce new offerings.

Line Extension

The process of introducing new items in the same product category under the same brand name, often with new flavors, sizes, colors, or ingredients.

Multi-brand

A strategy where a company markets multiple brands within the same product category, offering diversity to consumers.

Private-label Brand

A brand owned by a retailer or supplier that is not manufactured by them but is sold under their own branding.