Examlex
Which of the following relates to a product decision that should be made during marketing strategy planning?
Incentive Wage Plans
Compensation systems that link a portion of employees' pay to their performance or productivity, aiming to motivate higher levels of output or quality.
Unity of Command Principle
A management principle stating that each employee should report to only one manager, to avoid confusion and conflict in instructions and authority.
Scientific Management
A theory in management focusing on improving economic efficiency, especially labor productivity, by systematically analyzing workflow and processes.
Frederick Taylor
was an American mechanical engineer who sought to improve industrial efficiency and is known as the father of scientific management.
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