Paying a wage is a standard practice, and therefore the competitive advantage can come only by paying a higher amount.

Name: Paying a wage is a standard practice, and therefore the competitive advantage can come only by paying a higher amount.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Paying a higher wage can give a competitive advantage by attracting and retaining skilled workers, increasing employee motivation and productivity, and enhancing the company's reputation as a desirable employer.

Paying a Wage Is a Standard Practice, and Therefore the Competitive