Which of the following is an example of a trade-off in business?

A trade-off in business refers to the need to make decisions that involve sacrificing one option for another due to limited resources or competing priorities. In the context of investing in new technology versus maintaining the workforce, this illustrates a classic trade-off scenario. Businesses often face the challenge of allocating their funds and resources. By choosing to invest in new technology, a company might decide to reduce spending on workforce maintenance or training. This decision reflects the trade-off between enhancing operational efficiency through technology and ensuring that staff are adequately supported and retained. The nature of this decision highlights how businesses must weigh the potential benefits of one option against the potential costs or downsides of another, thereby making a strategic choice that best aligns with their goals.