What Is a Feature of a Product or Service That

question 286

Multiple Choice

What is a feature of a product or service that customers have come to expect and entering competitors must offer the same if they want to survive?

• A)significant barrier
• B)entry barrier
• C)product differentiation
• D)entry chain

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Definitions:

Salary

A fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker.

Wages

Monetary compensation paid by an employer to an employee in exchange for work performed, typically calculated on an hourly, daily, or weekly basis.

Bonuses

Additional compensation rewards given to employees as recognition for good work or achievements beyond their regular pay.

Job Evaluations

A systematic way of determining the value/worth of a job in relation to other jobs within an organization to establish a fair and equitable pay structure.