The pay packages given to the senior executives of corporations often consist of six components:

• Base salary.
• Performance based annual incentive (bonus)
• Performance based long term incentive.
• Benefits.
• Executive perquisites.
• Contingent Payments.

Maslow's hierarchy of needs is an idea in psychology proposed by American Abraham Maslow in his 1943 paper "A Theory of Human Motivation" in the journal Psychological Review. Maslow subsequently extended the idea to include his observations of humans' innate curiosity.

Companies add new items to their product lines, sometimes referred to as a product-line extension, to introduce brands to new customers. Expanding product lines enables a company to target consumers who are either already buying the brand or are likely to buy the brand.

On-the-Job training is based on the principle of “learning by doing”, i.e. the workers learn the job while performing it within the actual work environment. This type of training is beneficial for both the workers and the organization. Thus, Apprenticeship is NOT a part of the off - the job training method.

Alderfer's ERG theory suggests that there are three groups of core needs: existence (E), relatedness (R), and growth (G)—hence the acronym ERG. These groups align with Maslow's levels of physiological needs, social needs, and self-actualization needs, respectively.