People Strategy

What is the role of 'People' in the Marketing Mix in relation to business opportunities?

• They determine the pricing strategy.

• They are responsible for product distribution.

• They are involved in customer interaction and service.

• They create advertising campaigns.

What happens to many of the best business plans if the right employees cannot be found?

• They sit on shelves unexecuted

• They are immediately successful

• They are sold to competitors

• They are implemented with ease

What does the term "human" refer to in the context of Human Resource Management?

• Limited availability

• Skilled workforce

• Optimization of resources

• Organizational goals

In Human Resource Management, what does "resource" refer to?

• Skilled workforce

• Organizational goals

• Limited availability or scarce

• Best use of resources

Which of the following is a responsibility of Human Resources?

• Enabling employee growth

• Building onboarding and payroll processes

• Establishing a feedback culture

• Fostering diversity, equity, and inclusion

What is a key aspect of People Strategy?

• Managing employee database and logistics

• Implementing performance management

• Nurturing respectful communication

• Mitigating risk factors and ensuring compliance

How can engaging employees in decision-making processes benefit a company?

• It makes employees less loyal.

• It discourages employee feedback.

• It encourages employees to stand by the company in difficult times.

• It reduces employee involvement.

What do employees value more than new office spaces and workplace perks?

• High salaries

• Support, security, and flexibility

• Free meals

• Gym memberships

Which of the following is a basic HRM responsibility?

• Marketing

• Retirement

• Product Development

• Sales

What is the best way to show a company's structure?

• Financial Report

• Marketing Plan

• Organizational Chart

• Sales Strategy