Lag strategies are cost-effective for which type of firms?
A) Firms that are labour-intensive
B) Firms needing to attract top-quality applicants
C) Firms that value employee stability
D) Firms that invest heavy in training and development

Question

Quizplus · Accepted Answer

Lag strategies are cost-effective for labor-intensive firms because they focus on minimizing labor costs by paying below the market rate, which is feasible when the primary concern is cost control rather than attracting top talent or ensuring employee stability.

Lag Strategies Are Cost-Effective for Which Type of Firms