GKumar

You are VP for a large manufacturing company. Your company makes home office furniture and cabinet for home theater systems. Because of the growth in the each product line , the firm has grown substantially each recent years. At te same time, this growth has not gone unnoticed, and several competitor has entered the market in the last two years. Your CEO has instructed you to determine how to cut cost by 10 percent so that prices can be cut by the same amount. So VP feels that this tactics is necessary to retain your market share in the face of new Competition.

VP have looked closely at the situation and have decided that there are three different ways you can accomplish the cost reduction.

One option is to begin buying slightly lower grade materials, such as wood, glue, and stain.

Another option is to lay off a portion of your workforce and then pressure the remaining worker to work harder, As a part of same option employee hired in future will be from lower skill labor pool and may be contract based

3. replace your existing equipment with newer , more efficient equipment. although this require substantial up-front investment. You are certain that lower production cost can be achieved

anything not just internet

movie