Market Competitiveness, management homework help

Market CompetitivenessCompose a three-to-five page paper (not including the titleand reference pages). Your paper should be written in a scholarlythird-person tone; it should be in APA format. Your essay should addressthe following:Evaluate the concept of market competitiveness inrelation to an organizations pay system, particularly when it is unableto offer its employees market competitive salaries due to a lack offinancial resources. Propose at least three alternative approaches for organizations which have limited financial resources. Identify at least three specific steps that could betaken to minimize the impact implementing these alternative approachescould have on the firms success. Justify why these steps would be themost appropriate in this situation. In addition to the text, cite at least two scholarly references to support your discussion.