As a manager of the firm I shall adopt Backward Integration policy since the cost of buying tires from the market is too high. This would give the firm a competitive edge by reducing cost and improving quality.
Answer
In this situation, firm needs that strategy which minimizes the cost by avoiding extra expense.
Being a Manager, I ll adopt the Backward strategy. The backward strategy deals with suppliers and their issues. It increases the control over the suppliers, if they are too costly or unreliable. In this current case, Mr. Ali is bearing the extra cost to buy the tire from tire manufacture, which is cause of high cost of production. Backward strategy is helpful to minimize the cost and maximize the quality and profit. It is also give the competitive environment to firm.
NOTE: - These Assignments OR Quiz are just for idea, so kindly don't copy it, after viewing it make your own. Thanks
We always try our best to upload 100% correct solution BUT it is requested that you kindly review it before submission, please BEST OF LUCK,
Thanks to those students those send me Assignments and quizzes. If you have any Assignment and quiz kindly send at jamilbookcenter@yahoo.com
No comments:
Post a Comment