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Physicians sometimes overprescribe drugs in response to pressure from patients.
Compensation Objectives
Goals that an organization's pay system aims to achieve, such as attracting and retaining employees, rewarding performance, and ensuring equity.
Compensation Costs
The total expenses incurred by an employer to provide wages, salaries, and benefits to their employees.
Outsourcing
The practice of hiring third parties to perform services, handle operations or provide goods that are traditionally executed or produced in-house.
Economies of Scale
Cost advantages that a business can achieve due to expansion, leading to a reduction in the per unit cost as production scales up.
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