A Competitive Advantage Can Be Based on Any of Six

question 47

Multiple Choice

A competitive advantage can be based on any of six factors. Which of the following is not one of the six?

• A) Selection
• B) Opportunity
• C) Quality
• D) Cost
• E) Service

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Definitions:

Organizational Pay Systems

Structures and strategies employed by organizations to compensate employees, including salaries, benefits, bonuses, and other forms of payment.

Classical Managerial Strategy

A traditional approach to management focusing on hierarchical structures, clear roles, and centralized decision-making.

Human Relations Management

An approach to managing employees that emphasizes the importance of interpersonal relationships, communication, and employee satisfaction in achieving organizational goals.

Laissez-Faire Management

A hands-off management style where employees are given autonomy in their tasks and decision-making, with minimal direct supervision from managers.