Companies Place a Considerable Amount of Attention on Compensation Plans

question 12

Multiple Choice

Companies place a considerable amount of attention on compensation plans because

• A) firms are likely to face stiff penalties from the government if they do not offer competitive wages and salaries.
• B) attracting the right employees with good compensation packages can translate into a competitive advantage.
• C) it is a hygiene factor.
• D) a good compensation plan will be less costly than other parts of the operation.

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Definitions:

Product Placement

The practice of strategically placing products within various forms of media to increase visibility and promote sales.

Traditional Advertising

Advertising methods such as print, broadcast, direct mail, and outdoor that have been used before the rise of digital platforms.

Licence to Sell

A legal authorization or permit granted to an individual or business entity to engage in the commercial sale of goods or services.

Customers

Individuals or entities that purchase goods or services from a business.