Describe and answer in economic terms a managerial decision you have knowledge a

Question

Describe and answer in economic terms a managerial decision you have knowledge about (for example one that has to be made at your place of employment). Some examples of decisions are: Should our company hire temporary workers or hire new workers to handle increase demand for our product? Should we buy a new machine or upgrade the old one? What is the optimal level of parts we should order and keep on the shelf? Should we lease or buy a car? Should we rent or buy a house? Should I start a new business?

Explanation / Answer

start a new business

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