WGU C236 COMPENSATION AND BENEFITS QUESTIONS AND CORRECT ANSWERS 2024/2025 GRADED A+. 2 / 5 1. Business Strategy: The collection of decision, approaches, and activities thatallow an organization to complete and win. 2. CostLeadership Strategy: Focusing business priories on providing a lower-costpro...
WGU C236 COMPENSATION AND BENEFITS
QUESTIONS AND CORRECT ANSWERS 2024/2025
GRADED A+
, WGU C236 COMPENSATION AND BENEFITS
QUESTIONS AND CORRECT ANSWERS 2024/2025
GRADED A+
Business Strategy - The collection of decision, approaches, and activities that allow an organization to
complete and win.
Cost Leadership Strategy - Focusing business priories on providing a lower-cost product or service.
Differentiation Strategy - Providing innovative, exceptional, and high-quality products and/or services to
customers.
Niche-Focused Strategy - Targeting business priorities toward addressing a specific section of the market
Hybrid Strategy - Employing a combination of cost-leadership, differentiation and niche-focused
business strategies.
Critical Success Factors - Capabilities, activities, customer perceptions and market positions that allow
an organization to out-compete its rivals.
Total rewards strategy - The combination of pay forms, plans, policies and practices that enable long-
term organizational performance.
Total Reward Content Strategy - Specifies the type, level and combination of rewards offered to
employees.
Reward Form Combinations Strategy - The reward forms offered (cash, benefits, etc.) and the way in
which they relate to each other.
Reward Level Strategy - How much is being offered?
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