Reasons for shifting production to other countries John Deere is a global leader in the tractor market and its strategic objective is to expand rapidly outside of North America. One of the ways to expand globally is to make the product closer to the target market
Offshoring is the practice of a firm moving its service and production operations to a different nation. A corporation with American roots, John Deere is well recognised for assembling and producing agricultural tractors.
Samuel Allen, the company's CEO, predicts that Offshoring the company's tractor manufacture overseas will boost overall sales to $50 billion by 2018, with half of that amount coming from nations other than the US and Canada. Offshoring production would aid in growing the business to a worldwide scale in addition to boosting revenue.
Due to differences in time zones, the company's production processes and services would be available around the clock. The cost of manufacture would also be reduced by offshore tractor production.
The business would stop paying the costs of transporting tractors from the base production site to foreign nations. The need to exert more control, an effort to reduce risks, and a desire to concentrate on business development are some further justifications for outsourcing.
To learn more about offshoring here,
brainly.com/question/22541228
#SPJ4
Phased retirement gives employers the benefit of keeping an experienced worker and gives older people a chance to make a continued contribution at a more relaxed pace.
<h3>What is Phased retirement ?</h3>
- A human resource's strategy called phased retirement enables full-time employees to work part-time hours while starting to receive retirement benefits.
- Employers may be able to better manage or even lower payroll costs during the transition by utilizing phased retirement.
- This plan enables the retiree to work less hours, often switching from full to part-time, and uses less payroll funds.
- It is completely optional and requires the agreement of both the employee and the hiring organization.
- An employee must have worked three years straight at a full-time job in order to be eligible to participate.
Learn more about retirement here:
brainly.com/question/14502477
#SPJ4
A) a motive is a reason you do something. In business it'd be, for example, profit motive. Your motive is the amount in the profit
Answer:
C. $17,500
Explanation:
1,300 / 200 = 6.5
we are going to hire between 6 and 7 welder as we are given the requirement <u>"for every 200 hours or fewer in a month"</u> we should round above and not below: 7 welder. Besides, we cannot hire "half" or "quarter" of an employee therefore we have to move between integer solutions.
Answer:
Some examples of capital used to produce goods are machinery, human workers, equipment, basically anything that is used by a factory in the production process. You didnt list any options so I can't tell you which one isn't, but I hope this helps!
Explanation:
