In a Short Essay, Discuss Why 360-Degree Appraisal Is a Popular

question 33

Essay

In a short essay, discuss why 360-degree appraisal is a popular appraisal method among successful companies.

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Definitions:

Brand Names

Brand names are names given to a product or service by a company to differentiate it from competitors, signifying reputation and quality.

Less Developed Country

A country characterized by low levels of economic development, often measured by GDP per capita, industrialization, and standard of living.

Monopolistically Competitive

A market structure characterized by many firms selling products that are similar but not identical, allowing for some degree of market power and product differentiation.

Oligopoly

A market setup where just a few companies dominate the market, resulting in minimal competition.