Much of the Accuracy of the Market Pricing Method of Job

question 111

Multiple Choice

Much of the accuracy of the market pricing method of job evaluation depends on

• A) the industry in which the organization operates.
• B) whether gender bias can be eliminated from the system.
• C) the quality of the job matches between the survey and the employer's jobs.
• D) the depth and appropriateness of the compensable factors used.

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Definitions:

Behaviors And Preferences

The patterns of action and selections made by consumers or users, influenced by various psychological, social, and economic factors.

Product Life Cycle

Refers to the stages a product goes through from its introduction into the market, growth in acceptance, maturity, and eventually its decline.

Promotion Needs

Requirements identified by a company to increase awareness or sales of its products through various marketing strategies.

Product Distributions

The process or strategy of making a product available for consumption by distributing it to the end consumer.