Economics Assignment Example | Topics and Well Written Essays - 500 words - 8

economic science - Assignment ExampleThrough this, it would have saved some money that would be used for get land and equipments, acquiring licenses and constructing the untested premises. If a new branch is formed from scratch, the business would have forgone the be that would be associated with the formation of a merger. If the business decided to collaborate with an already existing one, it will non need to incur costs such as construction, buying of new equipments and recruiting of new staff. All these would be forgone if a new branch is opened in another location.On the other hand, the business force out opt for employing part-time employees instead of recruiting full time workers. As the best alternative, having part-time workers will be cheaper than full time employees. First, since they will be on a part-time basis, they will need to be paid less wages and salaries. At the same time, they will not be entitled to heaps of benefits such as pension and insurance schemes. All these will be forgone if the business decides to recruit supernumerary full-time workers to enable it deal with the increase demand of its products. As a matter of fact, the costs of sweet additional full-time workers would be high because, unlike their part-time counterparts, they would have to be paid higher salaries, attractive allowances and entitled to lots of benefits such as pension schemes and medical covers.However, all these would change if the increased demand was a temporary occurrence. In this situation, the management would need to come up with short line measures. Of all the alternatives, I would like to suggest that the business should set up retail outlets and chain stores in different parts of the country. It can be the best alternatives to adopt in case short-term measures be required. It qualifies as the best alternative since it would enable the business to minimize its expenses. It is not recommended to establish a new branch if the increase in demand is only expected to last for a short stay of