Which of the following actions is likely to have the highest initial cost in terms of its impact on other parts of the organization? Replace existing equipment with newer, more efficient equipment. Although this option entails substantial up-front investment, you're sure that you can more than make up the difference in lower production costs. Begin buying slightly lower-grade materials, including hardwood, aluminum, vinyl, and nylon. Lay off a portion of your workforce and then try to motivate everyone who's left to work harder. This option also means selecting future hires from a lower-skill labor pool and paying lower wages. Suppose that you decided to lay off a portion of your workforce. Which of the following obstacles might you face if you made that decision? Check all that apply. Complaints from human resources about possible age discrimination charges Complaints from suppliers about availability of traditional materials Complaints from executives about not hiring new employees quickly enough Complaints from customers about lower-quality products Complaints from employees about unfair treatment What does the CEO hope that reducing prices by 10% will do? Increase the company's level of corporate responsibility. Create a niche market for company products. Give the company a competitive edge over other suppliers. Improve customer satisfaction.