Economic forces of product markets and labor markets

Assignment Help Business Management
Reference no: EM133117742

Melissa Jackson

According to Noe et al. (2018), "An organization cannot make spending decisions independent of the economy. Organizations must keep costs low enough that they can sell their products profitably, yet they must be able to attract workers in a competitive labor market. Decisions about how to respond to the economic forces of product markets and labor markets limit an organization's choices about pay structure".

What are your thoughts? Should cost be the most important factor when making choices about pay structure? Why or why not?

Reference no: EM133117742

Questions Cloud

What are total assets : The balance sheet for Craig Corporations at December 31, 2019 showed the following subtotals: Current Assets $120,000. What are total assets
Board approval and final approval to conduct research : Discuss what approach and steps you would take or emphasize to ensure that you gain institutional review board approval and final approval to conduct research.
How much will marty receive the first year : Marty can receive CPP retirement benefit of $3,000 a year after working for 45 years. How much will Marty receive the first year
Calculate the acquisition cost of the Machine : Sam Ltd also agrees to assume the Pak Ltd bank loan liability of $75 000 as part of the Machine acquisition. Calculate the acquisition cost of the Machine
Economic forces of product markets and labor markets : Decisions about how to respond to the economic forces of product markets and labor markets limit an organization's choices about pay structure.
Calculate debt to total assets and interest coverage ratios : Calculate the debt to total assets and interest coverage ratios for 2017 and 2016. Did Dollarama's solvency improve, worsen, or remain unchanged in 2017
Explain how the aging process impacts learning : Explain how the aging process impacts learning. How can a leader use andragogy to advance institutional effectiveness?
Properties and methods required for the programs : Role as a senior engineer at the security software company is to help the junior engineer in providing non-buggy software for the client
How the aging process impacts learning : Explain how the aging process impacts learning. How can a leader use andragogy to advance institutional effectiveness?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd