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Examples of these costs are labor cost, transportation costs and supply chain risks. Increase in the cost of production has made the businesses to move near to their customers or moving back home where the production costs will be lower (Shephard, pg.67).
There are numerous specific drivers which may be either external or internal to china and which are forcing manufactures to seek another production locations; the major one is the increasing competition for talents and labor costs. The biggest advantage for china was that it had cheap labor though that benefit is dwindling. So the increase in labor costs has become a major challenge for the companies which are operating in china these is because every fast growing and foreign company in china are all competing for employees who are qualified mainly those employees who have skills thus making it difficult for business to entice and maintain top talents. The increase in labor costs has reduced profits of the manufacturers significantly (Janoski and Darina, pg 115).
There are also other costs which have increased too. The costs of real estates have increased nearly at manic rates due to the government institutions which have delegated minimum land charges. Other factors like electricity costs has also increased and the rate of corporate tax has raised to 25% from 15%, also the tax associated incentives has disappeared or it has not been easy to obtain. Increase cost of these inputs of production has made it difficult for the businesses to operate in china which has decreased the profits.
The other cost which is related to production of manufacturers in china is the risk which is associated with the protection of intellectual property. Foreign companies which have been operating in china have been in worry of guarding their intellectual property despite the significant attention it has been receiving only a
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?…………………………………………12 Bibliography………………………………………………………………. 14 Introduction Southeast Asian nations confront cold tension as Chinese government used military and political pressures in a struggle to monopolize control over Southeast Asian seas and the resources within this region.
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The demand for cost reduction always haunts the firm in the production sector. The need to come up with a viable strategy that keeps the production cost at a minimum while simultaneously promoting growth requires an expert in business. In most cases, the person or committee in a firm that is responsible for drafting a financial cost reduction plan cuts down on the less efficient functions in the firm.
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A century back, the United States and the Euro zone have been the top list in the global commercial market. However, this scenario has changed. The Euro zone has succumbed to financial crisis which has destroyed the
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The nature of the U.S challenges demand that its military forces ought to work as an integrated joint team that