Lack of ___ leads to a loop of other problems such as using outdated technology, hiring unskilled labour, and procuring low quality raw materials.
Marketing
Finance
Global competition
Credit history
When there is a shortage of funds, it will eventually lead to other challenges as mentioned.
In order to maximise the profit margins, the board of directors of 'Gamma Ltd' has decided to cut down the cost of production, by using low-quality raw materials, low paid children and women labourers, increasing working hours for employees and discontinuing waste management. A group of labourers opposed the management for less wages paid to them. They are terminated from the organisation. Enumerate the values that a qualified management should adhere to.
In the case of Chandra, we saw she incurred very high production costs using handloom as compared to the mechanized powerloom. Apart from the costs, which of the following factor(s) are impacted due to outdated technology?