Too Much Emphasis on Developing Future Products And/or Services,versus Responding

question 6

Multiple Choice

Too much emphasis on developing future products and/or services,versus responding to customer needs today,may result in the business:

• A) falling short of social responsibility expectations
• B) liquidity issues if it is unable to cover its expenses in the short term
• C) remaining healthy and continues to grow
• D) acquiring external capital funding commitments which will enable them to reinvest in the organization
• E) ensuring that it remains vibrant and responsive to community needs

Comprehend various pay plan methodologies and their impact on employee behavior, cost reduction, and productivity improvement.

Grasp the integrative approach to motivation and how it amalgamates different theories of motivation to enhance employee performance.

Understand the concepts of profit-sharing and gain-sharing plans and their differences in distributing organizational earnings to employees.

Explain the reinforcement theory of motivation and the strategies of reinforcement employed in managing employee behaviour.

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Definitions:

Socioeconomic Status

A combined measurement of an individual's or family's economic and social position in relation to others, based on income, education, and occupation.

Family Relationships

The connections and interactions among members within a family unit, including emotional bonds, roles, and communication patterns.

Child's Age

The length of time since the birth of a child, often used as a basis for determining developmental stages, eligibility for certain programs, and educational placement.

Rites of Passage

Ceremonies or rituals marking important transitions or stages in a person's life, such as puberty, marriage, or death.