Which of the following is true about standard hour plans?

A. They always encourage employees to focus on customer service.
B. They succeed only for employees who are not motivated by money.
C. They encourage employees to focus mainly on quality.
D. In terms of their pros and cons, they are very different from piecework plans.
E. They encourage employees to work as fast as they can.

Answer: E. They encourage employees to work as fast as they can.

Business

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How does a 360-degree feedback system help employees take control of their own careers?

A. It allows employees to choose raters who will give them high ratings.
B. It allows employees to gain a realistic assessment of where to go with their careers.
C. It allows employees to see which coworkers are friends and which are not.
D. It allows employees to form alliances with high raters and avoid low raters.

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Give two examples of products for which marketers might use optional-product pricing

What will be an ideal response?

Business