The Firm Pays Above Average Wages to Its Employees

question 109

Multiple Choice

The firm pays above average wages to its employees.Each employee is given at least two weeks of vacation and any time family matters arise and time is needed,flexible arrangements are made to facilitate the employee.Each Thanksgiving,a turkey is provided to each employee,$15 gift certificates are given for the Christmas holiday,and during the summer,the firm pays for each employee and one other individual to attend an expense-paid day at the local amusement park.This firm seems to be a(n) _________ company.

• A)outcome-oriented
• B)service-oriented
• C)people-oriented
• D)team-oriented

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Definitions:

Monetary Outlay

The amount of money spent on a specific item, service, or activity.

Measure

A method or tool used to quantify or assess a variable or condition.

Value

Refers to the importance or worth that a product or service has in the eyes of the consumer, often influencing their purchasing decisions.

Marketing Mix

Refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market, typically encapsulated by the four Ps: Product, Price, Place, and Promotion.