Nordstrom Rack and the Gap Factory Store Allow Retailers to Sell

question 4

Multiple Choice

Nordstrom Rack and the Gap Factory Store allow retailers to sell excess merchandise and still maintain an image of offering merchandise at full price in their primary stores. These are referred to as

• A) extreme value retailers.
• B) warehouse clubs.
• C) discount houses.
• D) outlet stores.
• E) community shopping centers.

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Definitions:

Valence Rewards

Refers to the desirability of the reward outcomes, according to the expectancy theory, influencing the motivation of individuals.

Merit Pay

A salary increase awarded to employees based on their job performance, as a method to motivate and reward excellence.

Tenure

A status granted to an employee, usually after a specific period of service, indicating a permanent position or a guarantee of employment.

Competencies

A mix of knowledge, skills, behaviors, and attitudes that a person needs to be effective in a wide range of jobs and various types of organizations.