EDMUNDS

[Title of the Assignment]

[Instructor's Name]

Edmunds Corrugated Parts & Services

Edmunds Corrugated Parts & Services

Issues

The main issue that Edmunds Corrugated Parts & Services faced was recession which is the general decline in economic activity, in a country or region, as measured by the decrease in the annual rate of Gross Domestic Product (GDP) over a sufficiently long, period of time. The company faced stagnant growth in this era. It is typically characterized by a reduction of almost all economic variables such as the production of goods and services; the consumer: in particular tend to drop auto sales and housing; the investment usually is particularly sensitive in recessions, with pronounced declines during these periods.

When the economic situation worsened, Edmunds Corrugated Parts & Services, a large part is attributable to reductions in spending on alternative investments, which are suspended or delayed in time. Edmunds Corrugated Parts & Services faced the drop in production of goods and services, means that companies require less labor and thus an increase in unemployment and shown in Okun's Law as The benefit of the companies; Quotes of the indices and The inflation: typically fall during recessions. By lowering the demand for commodities, prices fall. The wages and factory prices are less likely to go down, but tend to rise less quickly in economic downturns. Some causes of recession are overproduction, lower consumption (due to concerns about the future, for example), lack of innovation and formation of additional capital and spontaneous fluctuations. Recessions are typically motivated by fluctuations in aggregate demand (Daft, 2008).

Strategy for addressing the situation

As employment of Edmunds Corrugated Parts & Services decreased for life and there is greater mobility of the workforce, many companies looking to hire experienced professionals and preparations which can immediately contribute to increased productivity. These workers, however, often bring with them their ...