Reference no: EM133184097

Goal:

Your task is to decide whether or not your company should expand it's manufacturing operations.

Role:

You are a manufacturing expert who understands basic economic concepts such as supply and demand, inflation and deflation, and the economic business cycle.

Audience:

Your audience is the company's CEO.

Situation:

Your company is faced with a tough decision. You have been asked by your boss to create a presentation on the advantages and disadvantages of expanding the company's manufacturing facilities during a time of economic recovery. Since you are an expert, you will make a recommendation as to a course of action.

Product:

Create a presentation that outlines the decision making process you used to make your recommendation.

Standards for Success:

Your presentation to the CEO must include:

• The steps you used to develop a recommendation
• At least 3 issues that your company might face if they choose to expand during a time of economic recovery. Each issue should be described in detail referencing your knowledge of economic concepts.
• At least 4 vocabulary words from the unit used appropriately and in context. ( good, services, natural and capital sources, scarcity, factors of production, Human Resources, etc)
• At least 1 graph to support your recommendation
• A summary of your recommendation.