Reference no: EM132410849
Based on:
Factors that may influence a firm's decision to buy goods rather than produce goods internally include a lack of in-house expertise, small volume requirements, a desire for multiple sourcing, and the fact that the item may not be critical to the firm's strategy. Additional consideration may be given if the firm has the opportunity to work with a company that has provided outsourced services successfully in the past and can sustain a long-term relationship (Kenton, 2019).
Additionally, most businesses make decisions not only about how many workers to employ at any given point in time (e.g., the amount of labor) but also about the scale of an operation (e.g., size of factory, office) to put together and which production processes to use. Therefore, the long run is defined as the time horizon necessary to not only change the number of workers but also to scale the size of the factory up or down and alter production processes as desired.
What information would you need to make decisions about the production of a vehicle like the Ford Fusion? In your answer, please include information about number of employees, factory size, office space, production processes, and scale of operation.
The statement: goods they produce. This is a key since it will trigger a revolutionary type of consumers that will help in the creation of wealthy individuals on earth. Additional consideration may be given if the firm has the opportunity to work with a company that has provided outsourced services successfully in the past and can sustain a long-term relationship (Kenton, 2019). It will improve their marketing policy and sustainability.
One, the workday should be reduced from nine to eight hours. On the other hand, there should be three shifts instead of two in a day and this will result in the creation of more jobs. The basic rate should be doubled and make it five dollars a day. The firm should be willing to spend extra 10 million dollars on annual basis with the objective of improving the productivity and the lives of the employees. (Kenton, 2019). This will provide efficient work enviroment. As a manager, the raise of the pay will have helped in achieving an expanded market for the new model.
What do you think about the statement that I mentioned above?