Marketing & Advantage
This term refers to the edge one business has over its rivals.
What is competitive advantage?
A reward like “Employee of the Month” is an example of this type of motivator.
What is a non-financial motivator?
A reward in finance is when this happens to an investment.
What is it increases in value?
Superannuation helps people prepare for this stage of life.
What is retirement?
This business strategy involves making something new or better.
What is innovation?
This term refers to making sure all employees feel accepted and respected.
What is inclusion?
A financial risk involves the chance of this happening to your money.
What is losing money?
Superannuation is important for the community because it reduces pressure on this system.
What is the government pension system?
This term describes how a business builds a good image through positive stories or events.
What is public relations?
Trade unions often support workers by doing this in disputes with employers.
What is negotiating or advocating?
A scam often asks for this kind of information urgently.
What is banking or personal info?
Name one benefit of superannuation for the individual and one for the community.
Individual: savings in retirement; Community: less pressure on welfare
This marketing strategy helps Canva grow its user base by offering tutorials and resources.
What is Canva Learn?
Removing university degree requirements in job ads is an example of this inclusive strategy.
What is reducing barriers or bias in hiring?
A financial motivator for employees could be this type of extra payment.
What is a bonus?
Superannuation funds grow over time through these two main methods.
What are interest and investment returns?
Gaining a competitive advantage often requires using these three elements together: marketing, innovation, and this.
What is public relations?
Flexible work options, coaching, and goal alignment all help create this type of workplace.
What is a supportive/inclusive work culture?
This is the difference between a financial risk and a financial reward.
What is a risk may lose value, a reward may gain value?
Explain two reasons why superannuation is important at both personal and national levels.
What are: ensures financial independence, reduces future government spending?