Market Equilibrating Process

Jamel Ray

University Of phoenix

March 15, 2010

Market Equilibrating Process

In the world of technology organizations require educated computer technicians to supply technical support to keep businesses functioning properly. The technician position is highly competitive and requires skill and education to deliver proper support. For organizations to save money some businesses outsource jobs for cheaper labor to avoid paying onsite technicians a standard rate of pay. What will be discussed is the supply and demand of information specialist in a competitive market.

As companies grow the need for technicians increases especially those companies that rely on technology to be the major driving force in the companies objectives. Many organizations outsource jobs for the lowest rated services. Technicians who supply services at a reasonable rate are requested more frequently. In a competitive market information specialist must sell the proper skills and prices that will fit into an organizations budget. In the world of manufacturing these companies rely on computer operated machines to produce goods for consumers. To compete with other companies the machinery must be updated with the latest software driven utilities to produce the proper results. To ensure efficiency, technicians are implemented to maintenance and update the machinery for effectiveness. The price for the technicians depends on the type of job that needs to be service. Without technicians companies will not be able to produce revenue or function accordingly. Outsourcing is quite popular with organizations but not as accepting to those technicians that want to be on staff. The benefits of efficient services can help an organization to reach success, and the demand for lower prices for labor can help save revenue to be used on other creative resources.