Exam (elaborations)
MNM3709 Assignment 4 Semester 2 Due 30 October 2024
- Institution
- University Of South Africa
MNM3709 Assignment 4 Semester 2 2024 - DUE 30 October 2024 .... 100% TRUSTED workings with detailed answers.
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MNM3709ASSIGNMENT 4 SEMESTER 2 2024
DUE DATE: 30 OCTOBER 2024
QUESTION 1
Analysis of Theomei Apparel's External Environment
1. Economic Environment
Theomei Apparel functions within South Africa's manufacturing sector, which is shaped
by various economic factors such as inflation, interest rates, and consumer purchasing
power. The challenges facing the South African economy, including elevated
unemployment rates and variable exchange rates, could influence both production costs
and consumer demand for custom-made scrubs. For example, an increase in inflation
could lead to higher material costs, thereby escalating production expenses and
potentially squeezing profit margins.
2. Technological Environment
Technological innovations have significantly enhanced Theomei's capacity to produce
high-quality scrubs. The implementation of automated machinery and sophisticated
design software has enabled the company to boost both productivity and product
quality. Additionally, participating in skills-enhancement courses has equipped the
workforce with the necessary technical knowledge for manufacturing, thereby
strengthening the company’s competitive position in the market.
3. Political and Legal Environment
The policies surrounding labor, health, and safety regulations in South Africa are vital
for Theomei Apparel's operations. Adhering to regulations regarding worker safety,
minimum wage laws, and manufacturing standards is crucial for the company’s
success. Furthermore, government initiatives that support local businesses, such as
incubation programs at The Innovation Hub, present growth opportunities for Theomei.
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