When an Organization Is Using Concentration Strategy,it Will

question 81

Multiple Choice

When an organization is using concentration strategy,it will

• A)have short-run pay levels below the market.
• B)have a long-term orientation.
• C)make centralized pay decisions.
• D)maintain high variable pay levels.
• E)have benefit levels below the market.

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Definitions:

Management

The process of planning, organizing, directing, and controlling resources effectively to achieve desired objectives.

Growth

The process of increasing in size, magnitude, or complexity, often used in reference to personal development, economic expansion, or biological increase.

Competence Stage

A phase in skill acquisition where individuals have gained enough knowledge and ability to perform certain tasks reliably, but not yet effortlessly.

Complacency

A feeling of smug or uncritical satisfaction with oneself or one’s achievements, often leading to a lack of effort or creativity.