All of the following are important factors in defining a market for compensation purposes except:
A) skill/knowledge required.
B) geography.
C) ability to pay.
D) product and/or labor market competitors.

Question

Quizplus · Accepted Answer

While ability to pay can impact what companies are willing to pay their employees, it is not typically used as a defining factor in determining a market for compensation. The other factors listed - skill/knowledge required, geography, and product and/or labor market competitors - are commonly considered in determining a specific market for compensation purposes.

All of the Following Are Important Factors in Defining a Market