Table 20-15 -Refer to Table 20-15

question 22

Multiple Choice

Table 20-15
$$\begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Nominal Average } \\\text { Hourly Earnings }\end{array} & \text { CPI } \\\hline 2014 & \$ 10 & 100 \\\hline 2015 & 10 & 105 \\\hline 2016 & 12 & 110 \\\hline\end{array}$$
-Refer to Table 20-15.Looking at the table above,real average hourly earnings in 2014 were

• A)$9.
• B)$9.52.
• C)$10.
• D)$12.63.

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Definitions:

General Strategies

Refers to the broad methods or plans formulated by organizations or individuals to achieve major goals or objectives.

Differentiation

The act of making a product, service, or business stand out from its competitors by highlighting unique features or qualities.

Differentiation

The process of distinguishing a product or service from others in the market to make it more attractive to a particular target market.

Effectiveness

The extent to which an action achieves its intended result or effect.