Whether a firm needs more or fewer employees, there are different strategies for dealing with such shortages or surpluses. To select the best one, they should consider that each strategy: Group of answer choices Has different time horizons but typically the shorter they take to be realized, the better they will be. Longer term strategies are often problematic. Has an impact on the competencies of the firm but not on the existing workforce. Can affect the lives of their employees for better or worse. Has an effect of the profitability of the firm and the firm should always do what is most profitable, especially in the short run