Mich Inc, a Hardware Store, Has a Rating System in Place

question 15

Multiple Choice

Mich Inc., a hardware store, has a rating system in place that rates employees on their friendliness, usefulness, and product knowledge.Based on the ratings an employee receives, he or she gets an incentive.The compensation strategy followed by Mich is most closely described as a:

• A)customer-focused strategy.
• B)cost-cutter strategy.
• C)innovator strategy.
• D)differentiation strategy.

---

Definitions:

Shareholders

Individuals or entities that own shares in a corporation, giving them certain rights such as voting on corporate matters and receiving dividends.

Money Supply

Money supply is the total amount of monetary assets available in an economy at a specific time, including cash, coins, and balances held in checking and savings accounts.

Double Coincidence

A situation in a barter economy where two parties each hold an item the other wants, allowing them to make an exchange without the use of money.

Federal Deregulation

The process of reducing or eliminating government rules and restrictions on the business sector by federal authorities.