You are a manager in a firm that produces a product in an industry of your choice. You are doing a competitive analysis and are considering international expansion. Each week, you will add to the analysis. This week you will look at opportunities in this industry to improve production practices and/or how costs are managed to improved profitability.
Review Chapters 5-7 in Farnham.
Read 1 Kings 5:13-18 and Ruth 2:10. Use https://www.biblestudytools.com/
(Links to an external site.)
to find further scriptures if you wish.
Create an 8-10 slide PowerPoint presentation addressing the following points:
Identify the various costs affecting your selected industry. Classify costs as variable or fixed.
Determine whether costs are increasing or decreasing and why.
On the production side, has this industry experienced outsourcing, mass layoffs, hiring of foreign experts, or other labor-related issues?
From a biblical perspective, how can these industries improve production practices and/or how costs are managed to improved profitability?
Online students will write the script of their presentation in the note section of their PowerPoint.
Include a final slide in your deck that gives your references.
This presentation will become part of the final Capstone Project due in Week Six.
