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What is the term for the assignment of only private costs to individual products?
Variable Pay
A compensation strategy that ties employee pay directly to their performance or achievements, often including bonuses, commissions, and profit-sharing plans.
Competitiveness
The ability of a company or country to maintain and gain market share by producing goods or services more effectively than competitors.
Union Power
The collective strength and influence a group of workers has through their union, often used to negotiate working conditions and wages.
Economic Conditions
The state of the economy at a given time, including factors such as inflation rates, unemployment levels, and GDP growth.
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