The Internal Environment

question 2

Multiple Choice

The internal environment

• A)is the structure inside an industry.
• B)has become less important as an explanation of firms' profitability.
• C)is how a firm's resources and capabilities are deployed to deliver its business strategy.
• D)can safely be left to the HR Department to manage.

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Definitions:

Japan

An island country located in East Asia, known for its rich culture, technological advancements, and economic power.

Gain-Sharing Programs

Compensation programs where employees receive benefits from the company's cost-saving measures or productivity increases.

Profit-Sharing Programs

A company policy where employees receive a share of the company's profits, usually in addition to their standard salaries, as a form of incentive.

Skill-Based Pay

A compensation system where employees are paid based on their skills, competencies, or acquired certifications, rather than their job title or position.