OPERATIONS MANAGEMENT ASSIGNMENT

Operations Management Assignment

Operations Management Assignment

Answer to Question 1(A)

If competition comes in the market the best strategy, in this particular scenario, is to opt for low cost strategy. Better way to strategically place a business on the benefit of cost is to boost market share by changing from smallest cost manufacturer to smallest cost supplier of products. This way the business converts its cost benefit into cost benefit for its clients and thereby advances the market share. The outlook of expanding the market share presents a large opening for the business to leverage the finances of scale connected with the ...