A company is manufacturing garments. The manager wants to increase pro

1.	A company is manufacturing garments. The manager wants to increase profits by : (i) Purchasing new high-speed machines (ii) Increasing the sale price (iii) Using waste materials in the manufacturing of stuffed (or soft) toys. He decided that using waste material to increase the profit is the best solution for him. (i) Identify the marketing management philosophies for each option considered by the manager to increase profits. Explain whether the concept decided by the manager is beneficial or not. (ii) To complete the process of the concept identified what further steps does the manager need to take?
Answer» A company is manufacturing garments. The manager wants to increase profits by : (i) Purchasing new high-speed machines (ii) Increasing the sale price (iii) Using waste materials in the manufacturing of stuffed (or soft) toys. He decided that using waste material to increase the profit is the best solution for him. (i) Identify the marketing management philosophies for each option considered by the manager to increase profits. Explain whether the concept decided by the manager is beneficial or not. (ii) To complete the process of the concept identified what further steps does the manager need to take?

A company is manufacturing garments. The manager wants to increase profits by : (i) Purchasing new high-speed machines (ii) Increasing the sale price (iii) Using waste materials in the manufacturing of stuffed (or soft) toys. He decided that using waste material to increase the profit is the best solution for him. (i) Identify the marketing management philosophies for each option considered by the manager to increase profits. Explain whether the concept decided by the manager is beneficial or not. (ii) To complete the process of the concept identified what further steps does the manager need to take?

Answer»

A company is manufacturing garments. The manager wants to increase profits by :

(i) Purchasing new high-speed machines

(ii) Increasing the sale price

(iii) Using waste materials in the manufacturing of stuffed (or soft) toys.

He decided that using waste material to increase the profit is the best solution for him.

(i) Identify the marketing management philosophies for each option considered by the manager to increase profits. Explain whether the concept decided by the manager is beneficial or not.

(ii) To complete the process of the concept identified what further steps does the manager need to take?

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