The Manager of an Electronics and Appliance Store Is Challenged

question 125

Multiple Choice

The manager of an electronics and appliance store is challenged by the corporate office to increase the use of repair and replacement policies for these products.Which approach should the manager consider to meet the corporate office's expectation? ​

• A)​increase the price of the policies until the market adjusts
• B)​install shop bots for customers to research product policies
• C)​bundle the repair and replacement policies as part of the sale price of the products
• D)​strategize for new product policies to be introduced alongside high-volume sale items
• E)​reduce the prices of popularly sold items and charge a higher fee for the repair policies

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Definitions:

Wage Structure

The organization and scaling of wages within an organization, setting the relative pay levels for different roles or job grades.

Job Evaluation

A systematic process used to ascertain the relative worth of jobs within an organization to establish a fair and equitable pay structure.

Total Value

The combined worth of all the components of an asset or company, often considered in financial terms.

Compensation Policies

Guidelines and practices established by an organization to determine how employees are compensated, including wages, salaries, benefits, and bonuses.