your company is importing soybeans from US to product soymilk. However, Due to the recent increase in export tax. The price of soybean has gone up nearly 30%. and your company is barely making profit some members of Board of Directors suggested switching to Chinese suppliers for a better price, while other refused the ideas
Answers
Answer:
Hello there,
The answer of the question lies in the question itself. Since the vendor in the US has increased prices and it is difficult for the company to break even, it would be a good decision to change vendor and opt for the one ho is selling the same product with same quality but with lower prices just so to increase profits.
I hope the answer is helpful.thanks
Answer:
The company is importing the soybeans from US for producing the soymilk. However, due to recent increase in the export tax, the price of the soybean has risen up to approximately 30%.
As the vendor in US, it has increased the prices. It can be the good decision for changing the vendors and can choose for the one who sells the similar product with similar quality along with fewer prices to increase profit.