Ford Motors And Walmart Cost Minimization Presentation Help

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Nmcra30

Economics

Description

4 power point slides no intro or conclusion needed

Analyze currently used methods to minimize costs for Ford Motor Company and Wal-Mart and provide recommendations how to improve the process of minimizing costs based on the available information for the industries in which the companies operate. Note: Companies are categorized by the industries they operate in. For example, Wal-Mart is a company operating within the retail trade industry. Hoover's Company Profiles by ProQuest located in the University Library may be helpful.

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Explanation & Answer

Attached.

Name
Institution

Ford Motors


❖ To achieve a competitive edge in the auto industry, Ford
Motors adopted a cost leadership strategy that ensured
cost reduction and low pricing of products to attract
customers.
❖ The Company applied the assembly line method to
ensure cost minimization and maximization of
productivity. Consequently, the firm utilizes process
streamlining to provide adequate control of costs.
❖ The latest move of the firm to reduce costs is the
development of a few vehicle architecture and modules
applicable for use in multiple designs of its vehicles (Wee
& Wu...


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