All of the Following Are Important to Organizations Following the Focused

question 52

Multiple Choice

All of the following are important to organizations following the focused strategy except:

• A) economies of scale
• B) attracting new buyers
• C) specializing in ways other organizations cannot match
• D) keeping repeat buyers

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Definitions:

Compensation Rates

The amount of pay or benefits that an employee receives from their employer for their work.

Internal Equity

The practice of ensuring that employees are compensated fairly in relation to one another within the same organization.

External Equity

The fairness of an employee's compensation as compared to what others in the external job market are receiving for similar work.

Job-Based Pay

A compensation strategy that determines an employee's salary based primarily on the specific job or position they hold.