economics

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Paper Topic: economics Running Head : AN OPTION FOR ACME MANUFACTURING COMPANY An Option for Acme Manufacturing Company Full Name School In partial fulfillment of the requirements for Economics Instructor ‘s Name Date Abstract Acme Manufacturing Company has been into the manufacture of header pipes , exhaust pipes , mufflers , and tail pipes for cars , trucks , and motorcycles since the end of World War l

For the company to survive , the consultants presented four options : 1 ) lay-off forty percent of the work force , and restrict production to the most profitable operations 2 ) move production operations to Mexico 3 ) invest in offer to sell the company to a foreign buyer An Option for Acme Manufacturing Company With globalization and free trade , Acme Manufacturing Company which has existed after World War I is now threatened to cease to exist within five years if drastic change is not started soon

Market power is the company ‘s ability to set the trend of the market price of their products which are still in high demand : header pipes , exhaust pipes , mufflers , and tail pipes for cars , trucks , and motorcycles

For this company to keep afloat , several options were presented by the consultants : 1 ) lay-off forty percent of the work force , and restrict production to the most profitable operations 2 ) move production operations to Mexico 3 ) invest in accept the offer to sell the company to a foreign buyer

This company is also suffering the negative impacts of several converging issues : aging and retiring employees , higher cost of all resources , restrictive government regulations , and a shrinking manufacturing work force-the skilled workers

But before the Board of Directors take the best option , there should be careful analysis of the company ‘s present situation First , how does the company take advantage of its market power

This company has begun to suffer the negative impacts of several converging issues : aging and retiring employees higher cost of all resources , restrictive government regulations , and a shrinking manufacturing work force – especially skilled workers

This is a family-oriented company wherein all family members at employment age work their way up the ladder into management and ownership positions

The company ‘s strengths are its products ‘ functionality and durability or longevity of performance which are being sought after by customers

Since this firm has been known for its products ‘ combined functionality and longevity of performance , it has the advantage of its market power

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