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Which of the following is an example of a potential substitute product?
Performance Measures
Metrics used to evaluate the efficiency and effectiveness of actions or performances within an organization.
Merit Pay System
A compensation strategy that increases pay based on performance and achievements.
Advantages
Benefits or favorable factors that give an individual, group, or entity a better position or greater likelihood of success.
Disadvantages
The negative, less favorable aspects or conditions of a situation, proposal, or plan.
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