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Minimize the retail cost of these products

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Reference no: EM131452302

Outsourcing products to oversee manufacturing may help minimize the retail cost of these products, but it comes at risk. For example, American TV manufacturers Magnavox and Zenith outsourced the production of TVs to companies in Asia, and as a result have gone out of business. What actions could these companies have done to minimize the chance of being "hollowed out" and remain in business?

Reference no: EM131452302

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