Which of the Following Types of Incentive Pay Plans Are

question 94

Multiple Choice

Which of the following types of incentive pay plans are used to reward individual performance?

• A) Gainsharing
• B) Merit pay
• C) Scanlon plan
• D) Profit sharing
• E) Stock ownership

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Definitions:

Allowable Franchising

A franchising arrangement wherein the franchisor grants the franchisee the rights to operate under the brand's trade name within specific, agreed-upon terms and limitations.

Look-Alike Packaging

Packaging that closely mimics the appearance of a well-known brand's product packaging to attract consumers.

Unfair Competition

Practices that are dishonest or deceptive and intended to give one business an unfair advantage over competitors.

Competitive Variation

Differences among competitors in a market that provide alternative options to consumers, including features, pricing, and quality.