What is meant by internal equity, external equity, and individual equity?
What will be an ideal response?
Internal equity refers to equity among organizational members, external equity is equity compared to those in similar positions outside the organization, and individual equity is equity based on perceived fairness of individual pay decisions.
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______________________________ is an inventory management approach where inventory needs and inventory production capabilities are matched across the entire global enterprise.
Fill in the blank(s) with the appropriate word(s).
When a big name retailer decides to open its own manufacturing plant overseas, this is an example of
A. contract manufacturing. B. direct ownership. C. exporting. D. a joint venture. E. licensing.
During the due diligence process, many questions are asked that cannot be answered immediately. What ground rules might you establish to make sure that the parties remain ethical during the process?
What will be an ideal response?
Heterogeneous shopping products need
A. widespread distribution but with assurance of preferred display or counter position. B. adequate representation in major shopping areas near similar products. C. enough exposure to aid price comparison. D. widespread distribution near probable points of sale. E. widespread distribution at low cost.