ariables (3) Describe Elliot Jaguels Your boss thinks that your firm might be a

Question

ariables (3) Describe Elliot Jaguels Your boss thinks that your firm might be a monopsdl rm is a pure/perfect competitor in the product market orit you are level supply and demand curves for each of these two situations There are five key decisions that organications must consider when consideringsuneys 1 Make or buy the survey2- Whatjobs do we incueingenerating the sunveyarin incude in the sunvey What is the labor market/companies to to deal with, and how are we going to co 5-What is our strategy Select three 63 o these decisions and discus the key points an or each of these decisions

Explanation / Answer

1. Make or Buy Decision Survey:

This is one the most important decision for any organization. Deciding between making the product or some part of it or buying it, is the day to day decision a manager encounter.

2. What is the labor market / Companies to include in the survey:

For conducting a survey, selecting the right audience is on of the most critical activity. Therefore, it becomes very crucial to select wisely the correct labor market for survey because labor requirements are immediate ones and also regular. Selecting location with skilled and cheap labor is highly beneficial. Similarly, choosing right companies for survey will give more accurate reading and that will be very helpful for the business operations.

3. What is our Strategy related to the market:

Deciding market strategy will be directly responsible for the company’s future, as it give both present and future instruction for strategic implementation.

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