Question

A company president is deciding whether to open a new factory what is the trade-off what could a company president do instead 

Answer 1

Instead of opening a new factory, a company president could consider other options that may be less costly or risky. For example, the company could:

1. Upgrade or expand an existing factory to increase production capacity.
2. Outsource production to a third-party manufacturer to reduce costs.
3. Use automation and technology to increase efficiency and reduce the need for additional staff.
4. Focus on marketing and sales efforts to increase revenue without increasing production.

Ultimately, the decision to open a new factory or pursue other options depends on the company's goals, resources, and competitive landscape. The company president must carefully weigh the trade-offs and choose the option that best aligns with the company's long-term strategy and vision.

Step-by-step explanation: