Weymouth Steel Corporation was operating in an environment, which was very competitive, as new firms were entering the market. This made the organization experience a decrease in the market share, as the rivals were more competitive. As a result, the company was looking for ways of dealing with the situation that was affecting its operations.
The major problem Weymouth Steel Corporation was facing was the increased competition in the market. This problem forced the company to find new strategies of surviving the competitive market. The management main object was to get the best solution to the problems facing the organization where reducing the costs of operations was considered one of the strategies to adopt. In the process of reducing the