Imagine
this: Your Company recently thought about launching a new product. They’ve
aligned the tasks, delegated them to you and your team members accordingly, and
started the production process. Your owner plans to roll-out the first batch in
the market in a few weeks.
As the
production process works in its full might, you notice a loss of profits.
What’s worse? Profit margins look inefficient to let the production process
continue efficiently. With this scenario at hand, your company decides to cut
the production cost to avoid further loss.
Do you
understand what happened?
In case you
feel a little lost, let me explain what initially went wrong…
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