CBC private limited company manufactures designer sneakers to a niche segment of the market. The firm consists with seven factories which cater different designs in every month. The product design varies due to the age differences of the customers, type of the need; such as casual wear, sportswear, office wear etc. for different prices. The company wishes to establish a new plant in Colombo to expand their manufacturing capacity and to cater a novel target group in designer sneakers. The CEO of the company wishes to employ only a one Human Resources manager for all the different plants including the new plant. How the new plant differs from the existing plants? Which aspects the new plant should concern on newly when compared to the existing plants?

Answer rating: 100% (QA)

HOW THE NEW PLANT DIFFER FROM THE EXISTING PLANTS Enters a Rapidly Expanding MarketNever invest in a market that isnt growing Industry cycles occur and coming up with a business idea in a decreasing o... View the full answer