Managerial Decision

Our company is current being faced with an increase in demand, and this has management considering our options with respect to filling this demand. One of the questions that has arisen is whether we should hire temporary workers or new permanent workers in order to meet this increased demand. This paper will explain using economic terms why we should hire temporary workers to meet this increase in demand.

Demand Increase

The firm is currently experiencing an increase in demand for our main product. As a result, we are having difficulty meeting this demand with our current production levels. Our inventories are declining rapidly, and this is why we are faced with this decision. In order to make the right decision, we need to make an assessment of the nature of this demand. In simple terms, demand comes in two forms -- a permanent increase in demand or a...
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