All companies love to reduce costs, but this is not always feasible. Environmental factors can cause major setbacks for a given industry. Select a company in an industry that was recently affected by negative environmental factors for which you would like to implement strategies to reduce costs.
- Describe the company and the negative environmental factors that caused major setbacks.
- What strategic financial decisions would you implement to help either increase revenue or reduce costs?
Be sure to respond to at least one of your classmates’ posts.