Business, 10.02.2020 22:42 rmans22209
TaylorTech, a high-quality metals finishing company, is struggling with its margins. TaylorTech has raw materials delivered to its foundry in Pittsburgh, where the company melts the metals into castings. The firm then polishes them as a value-added process before selling the custom castings to customers. Its unique process is rare in the United States, is very secretive, and results in a more efficient cast that commands a premium price. Unfortunately, the casting process is becoming more expensive due to increased wage pressure from the workers specializing in casting. With these issues, TaylorTech has to make a decision. Which is the most viable option for TaylorTech to increase its margins?
a. Layoffs of team members across the company
b. Outsourcing of the casting process
c. Stop offering the polishing process
d. Hire less skilled workers
Answers: 2
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TaylorTech, a high-quality metals finishing company, is struggling with its margins. TaylorTech has...
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