managerial decision in economics
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managerial decision in economics


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Short excerpt:

The main aim of an organizations existence is to generate profits. Classical theories suggest that firms must gain value from every unit of sot that is being spent. The present study on the aspect of a comparison between hiring of a new employee or a temporary employee shows that while short term costs are lower for hiring a temporary employee, however considering the opportunity costs of a temporary employee and the value enhancement offered by a full time permanent employee, it seems the latter one is a better option for the organization. The study tries to unearth some of the aspects of managerial economics towards the decision of hiring by evaluating the various micro economic factors relevant to the case so as to formulate a set of plausible recommendation on this crucial aspect of

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