Benchmark competitors - Study guides, Class notes & Summaries

WGU C236 Compensation and Benefits 2024 Exam – With 100% Correct Solutions WGU C236 Compensation and Benefits 2024 Exam – With 100% Correct Solutions Absolute Level - ANSWER - The reward can be defined. Paying an employee $50,000 salary per year is an example. Administrative - ANSWER - Pertaining to the activities of running an organization or a business. Anchored Rating Scale - ANSWER - Uses examples or definitions of typical behaviors to define each point along the scale. Auto...

Above-, At- Below-Market Pricing Setting a market price for a product or product class based on a subjective feel for the competitors' price or market as the benchmark. Bait Pricing (or Bait and Switch) A product is promised at a low price but is either not in stock or a less attractive product is sold. Barter A form of trade in which people exchange goods and services without the use of money. Break-Even Point The point at which the money from product sales equals the ...

WPC 480 Quiz 2 Questions With Complete Solutions 2. Compare and benchmark their firm's performance to other competitors in the same industry or against the industry average. (ROIC) Return on investment capital= ROIC=(Net profits/ Invested capital) *Popular metric because it is a good proxy for FIRM PROFITABILITY *The ratios measures how effectively a company uses it TOTAL INVESTED CAPITAL Total Invest Capital, consists of two components: 1. SHAREHOLDERS' EQUITY through the selli...

Brand equity correct answers refers to the consumer's perception of the level of quality for the company's product lines. Branding correct answers the process of creating an image for an organization. -Companies create equity for a product ad leverage that value to drive sales Brands correct answers tools that marketers use to identify their products and services and differentiate their products and services from those of competitors. Marcom mix/Marketing communications mix correct ...

Direct financial compensation - compensation received in the form of salary, wages, commissions, stock options or bonuses indirect financial compensation - all the tangible and financially valued rewards that are not included in direct compensation including free meals, vacation time and health insurance nonfinancial compensation - rewards and incentives given to employees that aren't financial in nature base pay - reflects the size and scope of an employee's responsibilities sever...

C236 WGU Exam Questions with Correct Answers Absolute Level - Answer-The reward can be defined. Paying an employee $50,000 salary per year, for example. Administrative - Answer-Pertaining to the activities of running an organization or a business. Anchored Rating Scale - Answer-Uses examples or definitions of typical behaviors to define each point along the scale. Autonomy - Answer-Giving employees discretion in choosing what to do and how to do it. Bad Data Challenge - Answer-Exis...

Absolute Level The reward can be defined. Paying an employee $50,000 salary per year, for example, is a defining absolute level. Administrative Pertaining to the activities of running an organization or a business. Anchored Rating Scale Uses examples or definitions of typical behaviors to define each point along the scale. Autonomy Giving employees discretion in choosing what to do and how to do it. Bad Data Challenge Exists because the data a company obtains about market rates may not...

WGU C236 Compensation and Benefits questions well answered Absolute Level - correct answer The reward can be defined. Paying an employee $50,000 salary per year is an example. Administrative - correct answer Pertaining to the activities of running an organization or a business. Anchored Rating Scale - correct answer Uses examples or definitions of typical behaviors to define each point along the scale. Autonomy - correct answer Giving employees discretion in choosing what to do and how ...

WGU C236 Compensation and BenefitsAbsolute Level The reward can be defined. Paying an employee $50,000 salary per year, for example, is a defining absolute level. Administrative Pertaining to the activities of running an organization or a business. Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute Full screen Anchored Rating Scale Uses examples or definitions of typical behaviors to define each point along the scale. Autonomy G...

Strategic Management the integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage. Strategy set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors. Three things for good strategy 1. diagnosis of competitive challenge 2. guiding policy to address competitive challenge 3. A set of coherent actions to implement the firm's guiding policy. competitive advan...