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Why are job ranking and job grading techniques used less often than the factor comparison method and the point system? Discuss the advantages and disadvantages of each approach.
Intensively Work
The act of working with extreme focus and effort over a short period to achieve high levels of productivity.
Monopoly Price
The price set by a monopolist, who has exclusive control over the supply of a good or service and can manipulate prices to maximize profits.
Monopoly Quantity
The quantity of goods or services produced and sold by a monopoly, characterized by the lack of competition and the ability to set prices.
Price Discrimination
The approach of pricing the same item differently for various consumer segments, typically depending on how much they are prepared to spend.
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