Final answer:
Market pricing involves setting salaries based on market rates and is not suitable for unique jobs, as there is often no good market data for such positions.
Step-by-step explanation:
The question asks which statement is true of compensation market pricing, a business practice that involves setting salaries based on the prevailing market rates for similar jobs. The correct answer is that market pricing is not suitable for unique jobs. This is because market pricing relies on good comparable market data, which often doesn't exist for jobs that are unusual or highly specialized.
Regarding the provided options, market pricing does not inherently address internal equity; this is concerned more with how pay is distributed within an organization. It can link pay to company strategy if a company chooses to be a market leader or laggard in its pay strategies. However, market pricing in and of itself does not reduce the gender pay gap. Issues like the gender pay gap are systemic and multifaceted, and not solely addressed through market pricing mechanisms. Market data might reflect existing pay inequalities so relying solely on market pricing will not necessarily eliminate the pay gap.