1. Consumer products are classified based on the attributes used in making the purchase decision, the effort spent by the consumer, and the
amount of money the customer is willing to spend.
number of competing products or product substitutes.
demographics of the consumer.
frequency of purchase.
consumer psychographics.
2. Payroll. Canada. Choose three of the following changes that may be negotiated in a collective agreement and provide an example of how each would impact the payroll department.
Timing of changes
Changes to salaries, wages, overtime rates
Paid absences
Group benefits
Retroactive payment dates
Method of payment for retroactive adjustment
3. In the context of the purposes of compensation, compensation serves a(n) _____ function wherein companies indicate to employees what they feel is important for an employee to focus on by paying for certain kinds of activities or behaviors.
a. market benchmarking
b. equity
c. workload reduction
d. signaling
4. In the context of the purposes of compensation, compensation serves a(n) _____ function wherein companies indicate to employees what they feel is important for an employee to focus on by paying for certain kinds of activities or behaviors.
a. market benchmarking
b. equity
c. workload reduction
d. signaling