Mega Ltd. manufactured water-heaters. In the first year of itsoperations, the revenue earned by the company was just sufficientto meet its costs. To increase the revenue, the company analyzedthe reasons behind the low revenues. After analysis, the companydecided:

1. To reduce the labour costs by shifting the manufacturing unitto a backward area where labour was available at a very lowrate.

2. To start manufacturing solar water-heaters and reduce theproduction of electric water- heaters slowly.

This will not only help in covering the risks butalso help in meeting other objectives.

Identify and elaborate on the objectives of management discussedabove. Furthermore, state any two values which the company wantedto communicate to society.

Answer rating: 100% (QA)

The two objectives of management discussed above are to reduce labour costs and to transition ... View the full answer