Care Ltd. deals in medical equipment business. They import goods from Korea and sell in the domestic market.
R.ecently the Korea company increased prices making goods expensive. India being price-sensitive market
will not accept the increased price. The Director of the company is thinking of options of importing
goods from other countries like Thailand and China. He is also thinking of purchasing goods from the
existingsuppliermKorea but without packing so that itis cheaper. Hewillsavefreight charges. All this
will reduce the total cost and will enable him to make profits as before.
(a) Identify the concept of management involved in the above case.
(b) State what is the director of Human Care planning to do?
(c) Mention what steps must be followed by Human Care to make sure that their objective of
profit maximization is achieved.
Answers
Answer:
r services.
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