24 Oct virtual company tour
View the Chapter 8 Virtual Company Tour for Location Decisions, then write a summary of at least 300 words using the accompanying discussion questions to guide your essay written in APA style, with a reference page and a cover page. APA requires double space. Your essay will be checked for originality via SafeAssign. There is not a target for matching but your instructor will be assessing that you have used your own words with proper in-text citations and quotation marks for direct quotes.
Discussion question: Why shouldn’t low wage rates alone be sufficient to select a location?
Note: Please visit Cub Med website then click on discover, I attached the virtual company tour that the professor gave the instruction.
Low wages largely depends on what is being developed within an organization; a cheaper wage rate may not give a balance to all customs costs on a company. Besides low wage employees may be less productive in their day to day operations. Based on this, another objection is used in most incidences in support of minimum-wage increment: It is unjust that most people financially support businesses that pay minimum wage by provision of governmental aid to people who do not have the ability to survive on the projected funds. Of course, this is a counterfeit hypothesis: companies need to pay all what is dictated by the current market despite of whether the management gives provisions for additional financial support or not to the employees – they have constantly been doing it even before its development (Heizer, 2017). But then, even if the minimum wage is increased all prices determined by the increased labour costs will certainly increase thus contributing to the overall increase on the costs of location selection.
Labor market conditions should be allowed in the firm. It means that the firm should avoid raising the wage rates when the level of unemployment is high and revolves around the needy working individuals. Minimum wage standards should be set and maintained moderately exceptionally for the low paid employees (Heizer, 2017). The rules should also be monitored carefully to avoid it cutting the distribution wages deeply. Regional differentiation should be considered in line with the market conditions. The economically low areas that have high unemployment should be lower than areas with the more developed economy.
There is no difference as far as all relocating companies are involved
When settling on a relocating agency, ensure they are licensed, well rated and have no complaints from previous customers. While engaging experienced haulers may be more expensive, involving wrong hauling agencies can cause damages to your possession and waste your time and money.
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