Effective Selection Practices Can Impact an Organization's Competitive Advantage in All

question 90

Multiple Choice

Effective selection practices can impact an organization's competitive advantage in all but which of the following ways?

• A) Improved productivity
• B) Achieving legal compliance
• C) Increased profits
• D) Increased training costs

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Definitions:

Market Segmentation

The process of dividing a broad consumer or business market into sub-groups of consumers based on some type of shared characteristics.

Standardization

Standardization is the process of implementing and developing technical standards based on the consensus of different parties to ensure safety, quality, and interoperability.

Pricing Strategy

The method companies use to price their products or services, often designed to maximize profitability, market share, or other objectives.

Package Design

Package design is the process of creating the container, graphics, and visible outer presence of a product, which serves both functional and aesthetic purposes.