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Narrative 7-2
An Internet strategy enabled Nestlé to change its way of doing business and allowed the company to change its staid, risk-averse culture. Nestlé leaders overhauled company processes-from buying raw materials to processing purchase orders to marketing the roughly 2,000 products under its 200 brands.
-Refer to the Narrative 7-2.Which type of change did Nestlé use to reinvent the company?
Federal Insurance Contributions Act
U.S. legislation that funds Social Security and Medicare through payroll taxes imposed on both employers and employees.
FICA
The Federal Insurance Contributions Act, which mandates a payroll tax to fund Social Security and Medicare in the United States.
Fair Labor Standards Act
A federal law in the United States that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards for full-time and part-time workers.
Employees
Individuals hired by a business or organization to perform work in exchange for compensation.
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