You have a manufacturing plant in Mexico. The plant makes products that are brought back to the US for resale. The new President of the US has just imposed a 45% tariff on goods brought in from Mexico. You are effectively out of business. How would a scenario plan have prevented your business from failure? What would your plan be if the scenario happened?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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You have a manufacturing plant in Mexico. The plant makes products that are brought back to the US for resale. The new President of the US has just imposed a 45% tariff on goods brought in from Mexico. You are effectively out of business. How would a scenario plan have prevented your business from failure? What would your plan be if the scenario happened?

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Business is done not only to earn profit, but also to contribute to the society. The business is utilizing all the resources from the society to increase their profitability, hence there is a hidden liability for the organization to contribute to the society. Hence the business will be run to increase the standard of living of the society.

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