Customers Often Prefer Companies That Practise Diversity

question 7

True/False

Customers often prefer companies that practise diversity.

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Definitions:

Merit Pay

A compensation strategy that rewards employees based on their performance or achievements, often used as an incentive for higher productivity.

Cost-Of-Living Adjustments

Wage or salary increases based on changes in the cost of living, ensuring purchasing power is maintained.

Performance Measures

Metrics or indicators used to assess the effectiveness, quality, and efficiency of an individual's or organization's work.

Profit-Sharing

A company policy of sharing a portion of its profits with employees, usually in addition to their normal salaries or wages.