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Author Question: In many communities across the country it is very difficult for firms to hire sufficient numbers of ... (Read 62 times)

asmith134

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on: Jun 30, 2018
In many communities across the country it is very difficult for firms to hire sufficient numbers of entry level workers. If firms do not wish to raise money wages, what else might they do to attract workers?

Question 2

How is a firm's vertical scope determined?


xoxo123

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Firms could enhance the amenities associated with offered positions. For example, they could provide tuition incentives, vacation time, personal time, and health or dental benefits.

Answer to Question 2

A firm's vertical scope is determined by the costs of transacting in markets versus the costs of transferring goods or services between parts of the organization. These include the costs of coordinating volume flows of goods-in-process and organizing coordinated responses to uncertainty.


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