Identify the Four Key Aspects That Need to Be Considered

question 37

Essay

Identify the four key aspects that need to be considered in planning the infrastructure for compensation administration.

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Definitions:

Capital

Funds or financial assets leveraged by companies to fund their operations and grow their businesses.

Profit

The earnings obtained when the income generated from business operations is higher than the expenses, costs, and taxes required for these operations.

Output Market

Marketplaces where finished goods or services are sold to consumers, as opposed to input markets where raw materials are bought.

Consumers

Individuals or entities that purchase goods or services for personal use, not for manufacture or resale.