A compensation system that focuses on competitor's labor costs is most closely associated with a(n) _____ strategy.
A)innovator
B)customer-focused
C)cost-cutter
D)differentiated

Question

Quizplus · Accepted Answer

A compensation system that focuses on competitor's labor costs is most closely associated with a cost-cutter strategy, which aims to reduce costs and improve efficiency to compete on price with rivals. This approach involves offering lower salaries and benefits to employees to keep labor costs down and maintain a competitive advantage on pricing.

A Compensation System That Focuses on Competitor's Labor Costs Is