Answer:
Job responsibility, required experience and adverse working conditions are factors considered when establishing a fair wage for a specific career.
Explanation:
The level of salary that a person will receive as a result of their job benefits is determined by a multiplicity of factors. Mainly, the degree of technicality required and the studies that are necessary to get to exercise a profession are fundamental: thus, an engineer is much better paid than a waiter, for example.
Now, within the same profession there are different factors that can influence the determination of the value of wages. For example, the greater the degree of responsibility, the higher the salary, as it carries a greater stress load and mental and intellectual presence than other lesser positions.
Another factor is experience: in certain jobs, experience as a source of knowledge and demonstration of expertise is paid extra, increasing workers' wages.
Finally, another factor that can influence a worker's salary is unhealthy employment: a job performed in adverse conditions implies an extra risk to the worker, with which the salary tends to rise to compensate for those risks.
Answer:
Positioning
Explanation:
The term positioning simply refers to the process of arranging for a market offering to occupy a clear, distinctive and desirable place relative to competing products in the minds of consumers.
It is quite different from market segmentation as it does not refer to the division of market into smaller segments of buyers who are in need of a different marketing strategy.
Also, it is different from mass marketing in that it does not require concerted efforts at marketing to various segments and sectors that cut across all types of customers.
Answer: Moral hazard
Explanation: Moral hazard can be defined as a situation in which an individual starts taking more risk, which he can avoid, knowing the fact that the potential loss of the risk taken will be bore by someone else.
For example- An Individual not making proper fire extinguishing facilities in the house knowing that the loss in case of fire will be bore by the insurance company.
Hence, above explanation concludes that answer is option B.