Jeffrey Was Just Named Employee of the Month

question 101

Multiple Choice

Jeffrey was just named employee of the month.To decide who would receive this honor,management must have used the ________ method of performance appraisal.

• A)ranking
• B)management by objectives
• C)graphic rating
• D)behavioral anchored rating

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Definitions:

Product Specialization

A strategy where a business focuses on the production and development of a particular product or range of products, often to achieve higher levels of efficiency and expertise.

Economies of Scale

Cost advantages obtained due to increased production levels, where the cost per unit of production decreases as the volume produced increases.

Economies of Scope

Cost advantages that a business obtains through the diversification of product lines, enabling more efficient use of resources.

Behavioral Target Marketing

A marketing strategy that uses consumer behavior, including browsing and purchasing history, to tailor advertising and promotions.