Can Anyone Help Me With This?

@Blondie2222 (23012)
United States
July 8, 2009 6:41pm CST
I'm stuck on this discussion question for my homework for school and was wondering if anyone would be able to help me out a lil. If you can thanks and appreciate it. here is the question.... Post your response to the following: Imagine that you are a business owner. Choose whether to hire a new person in the marketing department or upgrade your computer system. Each choice requires the same amount of investment. Address the following topics: What factors would you use to determine whether to invest in the additional capital or labor?
2 responses
@aseretdd (13736)
• Philippines
9 Jul 09
I think i will just upgrade my computer system... because for sure that will increase the productivity of my business... like will have faster service and my staff will gain additional knowledge... i don't think i would hire a new person... since if i already have a good staff... i can always just increase their responsibilities but with added benefits or compensation...
• United States
9 Jul 09
Wow... good question... applause for the professor!! Just off the top of my head I would have to think about each expense and the accounts they would come out of. To upgrade the computer system, you would have to make sure you already had the personel to run it or you would still have to hire a computer tech person! Upgrading the system would more than likely boost income... but that depends on the type of business and how the computer is related. If you hire extra personel, you should already have insurance and expenses in place; however, if you hire the extra person it would be something you could cut later if you needed cut backs, whereas you couldn't necessarily reclaim the expenses for the computer upgrade! Then again, there are many features to consider and the question is very vague as far as what kind of business we are speaking of!