Economics · Industrial Policy

In industrial economics and human resource management, what does the term 'Broad Banding' primarily refer to?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Restricting manufacturers from changing their product mix to maintain market stability
2Consolidating multiple salary grades into fewer, wider bands to provide greater operational flexibility✓
3Expanding the frequency spectrum allocated to telecommunication companies
4Increasing the number of hierarchical levels within an organizational structure

Correct answer

Consolidating multiple salary grades into fewer, wider bands to provide greater operational flexibility

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