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12 September, 06:14

Your company manufactures children's toys, and you want to keep the prices as low as possible for individual consumers. Which of the following things could you do to keep prices low?

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  1. 12 September, 06:38
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    Explanation: As a manufacturer of children's toys these are the things that must be done to keep the prices of your products low:

    1. Sourcing for raw materials is very important as this will form the basis of your product pricing. you must get the cheapest price for the quality of products to be manufactured.

    2. Reduce waste as minimal as possible

    3. Negotiate all costs to the lowest

    4. Design trade by barter offers for your products

    5. Negotiate long term supply agreement with suppliers
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