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Bringing it All Inside: Job Evaluation and Market Pricing at JCPenny
How do job evaluation and market pricing approaches to setting pay ranges differ? What are the strengths and drawbacks of each approach?
What is the push today in many organizations (for example, JCPenney) for pay to be determined by job accountabilities and results, not effort and tenure?
Formulate your research-based recommendations about whether or not the job evaluation approach is outdated.
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Complete the four elements of the McDonald's organization chart
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Identify its consumer value proposition, its revenue model, the market space it operates in, who its main competitors are, any comparative advantages you believe the industry possesses.
The annual demand for cups is 2.3 million, the annual carrying cost per box of cups is $1.90, and the ordering cost is $320. Determine the optimal order quantity and total annual inventory cost.
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