Which of the Following Are Key Characteristic(s)of Divisional Incentive Compensation

question 3

Multiple Choice

Which of the following are key characteristic(s) of divisional incentive compensation plans?

• A)cash bonuses and profit sharing for short-term performance.
• B)deferred compensation for long-term incentive.
• C)special awards for particular actions or extraordinary performance.
• D)All of the answers are correct.

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Definitions:

Product Launch

The introduction of a new product to the market, involving activities designed to promote and sell the product.

Product Development

The process of creating or improving a product or service to meet market demands or take advantage of new opportunities.

Test Marketing

A strategy that involves launching a product in a limited market to gauge consumer response before a wider release.

Planned Obsolescence

A practice in which companies frequently come out with new models of a product that make existing models obsolete.