To Enhance a Worker's Expectancy, a Manager Could

question 44

Multiple Choice

To enhance a worker's expectancy, a manager could:

• A) Get to know what rewards his/her employees value
• B) Set specific, measurable goals
• C) Link rewards to desired outcomes
• D) Give feedback and coach the employee
• E) Explain to the worker why he/she should trust the organization

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Definitions:

Price Skimming

A pricing strategy where a firm charges the highest initial price that customers will pay and lowers it over time as demand at the higher price is satisfied.

Maximizing Profits

The process or strategy of adjusting the operations, pricing, and production of a business to generate the highest possible profit margins.

Development Costs

Costs incurred in the design and development phase of a project, often relating to the creation of new products or services.

Variable Costs

Expenses that change in proportion to the level of production or business activity.