Cooper, the owner of a small bicycle manufacturing company, is striving to keep his organization running smoothly while remaining profitable in a highly competitive market. Cooper chooses process implementation to give his company a competitive edge over others. Which of the following principles is he most likely to implement?

Question

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Cooper is looking to remain profitable in a highly competitive market, so he is most likely to implement the principle of reducing costs. This will help him maintain his profit margins and remain competitive in the market. While creating new products, enhancing services, differentiating products, and redesigning existing products may also help him gain a competitive edge, they may involve higher costs, which is not in line with his objective of remaining profitable.

Cooper, the Owner of a Small Bicycle Manufacturing Company, Is