Examlex
The supply of a good is said to be _____ when a small percentage increase in the price of the good leads to a proportionally larger change in the quantity supplied.
Performance Bonus
Additional financial compensation awarded to employees based on an evaluation of their work performance, often related to achieving specific targets or goals.
Gainsharing
A reward system where employees receive financial benefits from improvements in the company’s performance, encouraging collaboration and efficiency.
Gainsharing
A compensation strategy where employees receive bonuses based on the savings or gains achieved by their performance improvements, fostering collaboration and efficiency.
Gainsharing
A performance-based compensation strategy where employees are rewarded for contributing to improved operational efficiency, leading to cost savings which are shared with employees.
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