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Management : M024 Lowering Labor Costs - Owl Essays | We Help You Navigate the Academic Jungle

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Running head: LOWERING LABOR COSTS1Lowering Labor CostsInstitution AffiliationDateLOWERING LABOR COSTS2IntroductionReducing the expense of labor is crucial for any company. This is because it has theeffect increasing the gains for a firm. This ultimately leads to the decrease of prices which in turnattracts more customers. In the textile business, the industry requires a lot of manpower hencelabor significantly affects its revenues (Dao, 2013). Therefore, reducing this kind of expense forthe business would be beneficial since the gains would not be substantially reduced. Price is anelement that influences the popularity of business. This is because the costly a business is for thecustomer, the less the popularity and vice versa. This should hence make any kind of business tohave the intention of reducing the expenses on labor in order to increase its revenues throughincreasing its popularity among the customers.Proponents of moving to Southeast AsiaThe conclusion of having the textile company transferring to Southeast Asia could bebeneficial to the company. This is because labor in this region is significantly low in costcompared to that offered in the Uni ...


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