Question

Ahmad has identified the recruiting area for Acme Global's new plant.There are many skilled laborers in the area who are looking for work.Ahmad believes that will make his job recruiting qualified applicants easier.Which external force acting on recruiting efforts is Ahmad examining?
A) Competitors
B) Supply and demand
C) Cost per hire
D) Social environment

Answer 1

Answer:

B) Supply and demand.

Explanation:

The theory of supply and demand determines the relationship between the supply of a given commodity and the demand for that good. There are many variables that impact economies at both the microeconomic and macro-economic stages. Production capacity, manufacturing costs such as labor and resources, and the number of rivals have a significant effect on how much supply companies can produce. The number of options available, customer expectations and improvements in the pricing of similar goods have an effect on demand.