Errol,a Manager at a Large Toy Store,is Expecting Increased Sales

question 89

Multiple Choice

Errol,a manager at a large toy store,is expecting increased sales during the holiday season.He knows that he will experience a labor shortage during this time.Which of the following options is most suitable for Errol's situation to avoid a labor shortage?

• A) Errol must hire new employees because he will most likely need additional workers after the holiday season to deal with the increased sales trend.
• B) Errol must consider increasing workers' pay during the holiday season so that his employees work harder to achieve sales targets.
• C) Errol must keep his store closed during non-peak hours to compensate for labor shortages. This will ensure his employees work harder during peak hours.
• D) Errol must hire temporary employees because he can let them go once the holiday season is over.
• E) Errol must consider increasing the prices of toys so that he can make higher profits with fewer sales, thereby reducing the number of customers and consequently solving the labor shortage issue.

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Definitions:

Complements In Production

Goods that are produced together in the same process or that increase productivity when used together.

Corn

A cereal plant that yields large kernels on a cob, used for food for humans and livestock, and as a raw material in industry.

Linear

Pertaining to a straight-line relationship in mathematics or economics, often used to describe a direct proportionality between variables.

Substitutes In Production

Products that can be produced using the same resources or processes as another product, allowing producers to switch between them based on market demand or cost considerations.