Tom Has Been Employed as a Sales Manager for Vanessa's

question 31

Essay

Tom has been employed as a sales manager for Vanessa's Used Cars for more than twenty years.Economic conditions in the car business have worsened,and Vanessa believes she needs to terminate Tom's employment.She receives legal advice that based on Tom's age,length of employment,and character of employment and on the availability of similar employment given his education,training,and experience,Tom should receive eighteen months' notice of termination.Vanessa believes that once she provides Tom with notice of termination he will not be an effective sales manager and that she will lose more business during the year and a half in which Tom remains as her sales manager.What options does she have as far as the manner in which she provides this notice?

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Definitions:

Quantity Supplied

The quantity supplied refers to the amount of a good or service that producers are willing and able to sell at a given price over a specific time period.

Supply

The entirety of goods or services accessible for buying at a certain price level.

Shift of Supply

A change in the quantity of a good that suppliers are willing and able to sell in the market at any given price, often due to changes in production costs or technology.

Heating Oil

A low viscosity, liquid petroleum product used as a fuel oil for furnaces or boilers in buildings. It is a major component in home heating solutions in colder regions.