Answer to Question #132047 in Management for Gaofengwe

Question

“Society is adjusting to a ‘new normal’. Amid efforts by government and the medical sector to mitigate the health impact of the COVID‐19 (Coronavirus) pandemic, many commercial enterprises are having to fundamentally alter how they do business, as the economic effects of the Coronavirus continue to manifest. It is therefore pertinent to have an understanding of the current economic landscape in South Africa, and what might be done to minimise financial damage and reduce insolvency risks during this uncertain time.” In light of the above quote, discuss cost reduction and revenue increase as two of the four advantages of operations Management available to South African commercial enterprises.

Answer 1

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