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Low Cost,differentiation and Niche Are Examples of __________ Pursued by Business

question 61

Multiple Choice

Low cost,differentiation and niche are examples of __________ pursued by business units across a variety of industries.


Definitions:

Compensating Differential

A difference in wages that arises to compensate workers for non-monetary differences in different jobs, such as risk or undesirable location.

Hazard Pay

Hazard Pay is additional compensation provided to employees for performing work that is dangerous or involves risk.

Wealth

The abundance of valuable financial assets or physical possessions which can be converted into forms that can be used for transactions.

Compensating Differential

The difference in wages that arises from differences in the non-monetary aspects of different jobs, such as risk or desirability.

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