An organization which follows a cost leadership strategy would be most likely to select which of the following compensation methods?
A) Offer a bonus to those who make cost savings suggestions which are successfully implemented.
B) Provide an incentive program for those who create new product ideas.
C) Offer the leading benefits package in their market area.
D) Use a pay policy which emphasizes leading the market in starting wages.
E) Provide many variable pay options to enhance employee salaries.
Correct Answer:
Verified
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Q34: When administering a compensation program:
A) actual pay
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Q39: The purpose of a cost of living
Q40: An organization following a differentiation strategy would
Q41: To aid in determining what is compensable
Q42: When determining where pay decisions are made,
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