Examlex
Which of the following types of philanthropy configuration is based on a firm having both a low market and low competence orientation?
Merit Pay
Awards pay increases in proportion to performance contributions.
Performance Appraisal System
A performance appraisal system is a structured process through which employees' job performance is regularly evaluated, providing feedback, identifying areas for improvement, and determining development needs.
Totality Quality Management
A management approach centered on quality, based on the participation of all members of an organization and aiming at long-term success through customer satisfaction, and benefits to all members of the organization and to society.
Price Discriminating
A pricing strategy where a company charges different prices for the same product or service to different customers, based on their willingness to pay.
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