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The Tendency to Continue Investing in a Nonoptimal Site Even

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Short Answer

The tendency to continue investing in a nonoptimal site even if more optimal locations exist is called ________ ________.


Definitions:

Pay as an Investment

The perspective of compensating employees as a strategic investment towards achieving the organization's goals, where better pay leads to better performance and outcomes.

High-Quality Workforce

A group of employees known for their exceptional skills, high productivity, and capability to drive organizational success.

Labor Costs

The total sum of all wages paid to employees, as well as the costs of employee benefits and payroll taxes incurred by an employer.

Pay Range

A set of possible pay rates defined by a minimum, maximum, and midpoint of pay for employees holding a particular job or a job within a particular pay grade.

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