When should you accept a lower salary job offer?When you don't believe you're completely qualified but want to grow in the role.O When you're accepting your first professional job offer.When noncash items and benefits are more valuable to you than any competing offers.You should never accept a lower salary offer.When you don't plan to stay long at the company.

What do you want to achieve in your career? If you are early in your career, accepting a lower…

Answered: When should you accept a lower salary…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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The argument that certain jobs are inherently worth less than others fail to recognize the interdependence of all roles within a business. Working part-time at my local Dairy Queen has given me firsthand experience of the challenges associated with a $9 /hour wage. Despite putting in 36 hours (about 1 and a half days) weekly, the paycheck hovers around $250-$260, highlighting a stark economic reality. This scenario underscores the pressing need for a reassessment and increase in the minimum wage, as it fails to adequately address the financial strains faced by individuals in low-wage jobs. Living on a $9 /hour wage creates a significant economic strain. Necessities become luxuries, and individuals find themselves on the brink of financial instability. The meagre earnings often lead to a reliance on government assistance programs, highlighting a systemic issue where businesses are not providing sufficient compensation for the labor they benefit from. The current minimum wage falls…
Describe a purchase or expense in your workplace that you or your bosses made which turned out to cost much more than expected (or cost far less than expected, with the added stipulation that everyone found the investment to be much more valuable than anticipated), and what the impact on the business was. Limit this discussion to non-food-related investments.
You’re getting ready to expand yourwoodworking hobby into a full-time business ofbuilding custom kitchen cabinets. To create top-qualitycabinets, you know you’ll need to upgrade from theconsumer-grade machinery you have now toindustrial-grade equipment. The new equipment willbe much more expensive but, if properly cared for,should last for decades, and you hope to be inbusiness for at least 20 years. If the overall costs ofleasing this equipment or borrowing money to buy itare roughly the same, which financing method wouldyou choose? Why?
Prepare a pitch to investors as to why they should invest in your product. Convince them that you understand your target audience and explain how you will reach them. Practice perspective- taking, and consider what it would be like if you were in your target customer's shoes. Why might you want the product? What might be some reasons you wouldn't buy the product? Create a slideshow presentation of your pitch to potential investors. Be sure to include the answers to these questions: What is your product, and how exactly does it promote good health? Who is your target audience, and what do you know about them? What are the ways you intend to advertise to your target audience? How will you use different aspects of media to sell your product? What makes you sure that your product will be a success within its target culture?
Janice just graduated college, she’s ready to head out on her own and get that first job, and she’s through her first interviews. She receives an offer of a $28,000 salary, including benefits from COLLEGE CORP, from an entry-level marketing position that seems like a perfect fit. She is thrown off by the salary they are offering and knows that it is lower than what she was hoping for. Instead of panicking, she takes the advice of her mentor and does a little research to know what the market range for the salary is for her area. She feels better after doing this, knowing that she was correct and the offer is low compared to the market rate. After understanding more about the offer and the rates, she goes back to the HR representative and asks for her preferred rate of $32,500, knowing the minimum that she would accept is $30,000. Instead of going in for her lowest amount, she started higher to be open to negotiations with the company. She also sent a note regarding…
You live in a small town and you need an attorney. Aunt Marcella has died, and you are the executor of her rather complicated estate. You need an attorney who is an expert at probate work to help you with probating the will. You could hire one of the two attorneys in your small town, or you could hire one of the hundreds of attorneys from the big city down the highways. Thinking like an economist, will you want to hire a small-town attorney or a big-city attorney to help you with this complicated estate, and why?
What do you need to do to persuade the present CEO of the company to implement your ideas?
How you would respond to the question in an interview “Tell me about yourself” if you are applying for a job of finance manager in a well reputed firm.
How could bad copy prevent someone from signing up to a valuable, free service like the trial offered by Encyclopaedia Britannica?
What things are most important to you when you decide to eat out at a fast-food restaurant?
List and discuss the three types of sales presentation discussed in Chapter 5. Imagine you have recently been employed as a Sales Consultant for a Prestigious Fashion Company located in downtown Atlanta. During the weekly morning huddles, your manager observed that you are always the first of the team members to join the meeting, and you always appear very enthusiastic. She also realized the level of interest you exhibit, as you often volunteer with suggestions and ask relevant questions pertaining to ways to increase sales and promote customers’ retention. After one of the huddles, your boss asked you to be the speaker for an upcoming sales presentation to an audience of 120 elite women prospects, who have expressed great interest for the new line of women’ sneakers. Discuss which of the 3 presentation types you will use. Why? ] Please note, that responses must include relevant personal selling concepts to support the claim for presentation type. Quote Professional selling 1st…
What would you do to improve the performance and effectiveness of a company after making sure that it is going well but still continues to be lackluster.

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