What kind of strategy is an organization using if it attempts to pay wages slightly below industry norms?
A) Outsourcing
B) Compensation
C) Differentiation
D) Lag

Question

Quizplus · Accepted Answer

This strategy is known as "lagging" and involves an organization paying slightly below industry norms in wages. It can be used as a cost-saving measure, but may also result in difficulties with recruitment and retention of employees who may seek better-paying opportunities elsewhere. Other options presented in the question, such as outsourcing, compensation, and differentiation, do not accurately describe this particular strategy.

What Kind of Strategy Is an Organization Using If It