As a Small Firm Business Owner,which of the Following Is

question 45

Multiple Choice

As a small firm business owner,which of the following is a valid concern you may have about the outsourcing of benefits administration?

• A) You may not be able to spend more time on strategic pay practices.
• B) You may lose touch with emerging problems and issues.
• C) Training costs will be higher.
• D) Employees do not want their personal information shared with an outside provider.

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Definitions:

Brand Loyalty

The tendency of consumers to continuously purchase one brand's products over competing ones due to positive experiences and satisfaction.

Differentiation

Refers to the process of distinguishing a product, service, or brand from competitors in ways that appeal to the customer, creating a perceived value over alternatives.

Focused Differentiation

A business strategy where a company targets a specific market niche, offering unique products or services that stand out from competitors.

Subscription-Based

A business model where customers pay a recurring price at regular intervals to access a product or service, rather than a one-time purchase.