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Assignment the assignment will be evaluated and the

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assignment, the assignment will be evaluated and the mark will be divided between the number of students involved. For instance, if two students submitted the same assignment and a mark of 60% was awarded for the assignment, this mark will be divided by two and each student will receive a mark of 30%.
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50 Have you attempted to answer these questions before looking at the answers? Self-evaluation means that you need to answer the questions and then evaluate your answers by means of the guidelines provided. Do not read the answers if you have not yet attempted to answer the questions yourself.
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51 MNH306K/101 APPENDIX F GUIDELINES FOR ANSWERING ASSIGNMENTS 03 & 04 COMMENTS ON ASSIGNMENT 03 These questions refer to study units 3, 5 and 6. The marks awarded are indicated in brackets. 3.1 Define external competitiveness and discuss the factors which shape external competitiveness. (15) Use study unit 6 as point of departure for answering this question. Look at “What shapes external competitiveness” in the prescribed book. You must define external competitiveness, and extensively discuss the factors that shape external competitiveness. External competitiveness refers to the pay relationships among organisations and the organisation’s pay relative to its competitors and is expressed in practice by (1) setting a pay level that is above, below, or equal to that of competitors; and (2) determining the mix of pay relative to those of competitors. External competitiveness is shaped by the following factors: competition in the labour market for people with various skills competition in the product and service markets , which affects the financial condition of the organisation characteristics unique to each organisation and it employees, such as busin