Dollar General uses a low-cost strategy as a company. They want to bring in more customers by keeping prices low. How would this strategy impact the type of selection process used at Dollar General for sales associates?
a. The company will want to use a multi-step process, including well-designed behavioral interviews conducted by a panel of interviewers. Hiring the right people that can help keep cost down and volume high is critical.
b. The strategy has no impact on the selection process. All companies have the same goals of hiring the most qualified candidates so selection processes are pretty standard across companies.
c. The company will focus on cultural fit in the selection process to make sure employees can help innovate to keep a low-cost strategy.
d. The company is likely to use a simple application and short interview process, along with a background check to be as efficient in the hiring process as possible.
Ans: d. The company is likely to use a simple application and short interview process, along with a background check to be as efficient in the hiring process as possible.
You might also like to view...
Venlite, Inc produces and sells cosmetic products
Currently, the company is operating at 70% of its capacity. The sales price of its product is $30 per unit, and it incurs a full cost of $25 to produce each unit. Its yearly fixed manufacturing overhead amounts to $20,000. The company has received a one-time order for supplying 5,000 units at $26 per unit. This order can be executed within the excess production capacity and will not involve any additional costs. To make this decision, the management of Venlite should use ________. A) absorption costing as the decision is long-term in nature B) variable costing as the decision is short-term in nature C) absorption costing as the decision is short-term in nature D) variable costing as the decision is long-term in nature
Which of the following is generally unnecessary in measuring the cost of debt?
A) a forecast of future interest rates B) the proportions of the various classes of debt a firm proposes to use C) the corporate income tax rate D) All of the above are necessary for measuring the cost of debt.