Staying Power Refers to The

question 13

Multiple Choice

Staying power refers to the:

• A) relative abilities of parties in a situation to exert influence over each other.
• B) energy demands required to run a product or service.
• C) ability of a firm to produce a good or service at a lower opportunity cost than a rival.
• D) long-term viability of a product or service.
• E) ability to take advantage of complementary products developed for a prior generation of technology.

---

Definitions:

Employee Attraction

The strategies and efforts employed by organizations to appeal to potential employees and encourage them to apply for vacancies.

Reward Strategy

The design, implementation, and maintenance of a system that values and recognizes employees' contributions towards organizational goals, through both financial and non-financial rewards.

Compensation Level Strategy

An approach to determining the appropriate amount and structure of pay for employees, taking into account factors such as market rates, job role, and individual performance.

Intrinsic Rewards

The personal satisfaction or enjoyment that an individual derives from achieving a task or learning new skills, independent of any external rewards.