Understanding of income inequality

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Who are the stakeholders that are affected by Price's decision?

What are the consequences of this decision for each stakeholder?

Price experienced unexpected challenges from various stakeholders. What should he have done before increasing the employees' salaries?

What are the potential problems of a minimum salary increase as a compensation plan? How can you minimize these problems and motivate employees?

What is your understanding of 'income inequality'?

What are the advantages and disadvantages of hierarchical versus egalitarian reward cultures?

Reference no: EM133179973

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