Question

Denim Supply Inc. does not feel the pressure to create custom jeans for any of its markets around the world, but it does want to focus on cost reductions. What strategy should this company consider using to achieve this?

Answer 1

Answer:

The cost reduction strategy that Denim supply limited can use is Low-cost country sourcing (LCCS)

Explanation:

Cost reduction is the process used by companies to reduce their costs and increase their profits. Depending on a company's services or product, the strategies can vary. Every decision in the product development process affects cost.

Low-cost country sourcing (LCCS) is procurement strategy in which a company sources materials from countries with lower labor and production costs in order to cut operating expenses.