Introduction to microeconomics Essay Example | Topics and Well Written Essays - 250 words

Introduction to microeconomics - Essay Example Buyers have to wait in queues and this situation also does not guarantee that whether they will get the product when their number comes. Sellers of a product can also provide the goods and services to their favorite clients which violates the procedure of efficient markets (Ceiling price regulation). Price Ceiling phenomenon reflects that government intervention does not necessarily means that market will operate efficiently and effectively. Price ceiling is a tool through which government intervenes however it has been observed that intervention is not beneficial in the long run. Economists are of the opinion that output generated through free market economy is the best possible outcome for the welfare of buyers and sellers in the market. Although general public might feel that they are getting goods and services at the lower prices therefore it is better for them but they should also recognize that they are not going to get the product every time they will go to buy it. Price Ceiling creates severe shortage in the economy therefore it should be noted that government intervention is not the solution to the rising prices or inflation in the long

HR contributes at SYSCO Case Study Example | Topics and Well Written Essays - 250 words - 1

HR contributes at SYSCO - Case Study Example The same human resource initiative play a key role in improving work place safety, as well as save on the amounts of compensation that employees ask for. The market driven approach also has administrative roles in the preservation of entrepreneurial independence. This is concerning the issue of maintaining freedom in regional operation offices where practices can be â€Å"sold† to the offices. This can be done by convincing the managers and members of staff to adopt the said practices by evaluating the usefulness and suitability, as well as conflicts with standard operational standard in a region. Factors in human resource management influencing employee compensation include the use of survey data. This cuts back compensation claims by up to 30%. This is through interventions by human resource strategists to increase safety. In terms of employee turnover, it can be increased by applying programs and services based on data collected from managers and employees through surveys. This way output increases and cuts costs use in employee recruitment and training. In addition, the use of incentives and employee retention increased employee turnover, which in turn, translates to customer satisfaction. This works together with the experienced employees with better knowledge of operations and products of SYSCO thus improved employee