The following appeared as part of an annual report sent to stockholders by Olympic Foods, a processor of frozen foods."Over time, the costs of processing go down because as organizations learn how to do things better, they become more efficient. In color film processing, for example, the cost of a 3-by-5-inch print fell from 50 cents for five-day service in 1970 to 20 cents for one-day service in 1984. The same principle applies to the processing of food. And since Olympic Foods will soon celebrate its twenty-fifth birthday, we can expect that our long experience will enable us to minimize costs and thus maximize profits."
Discuss how well reasoned you find this argument. In your discussion be sure to analyze the line of reasoning and the use of evidence in the argument. For example, you may need to consider what questionable assumptions underlie the thinking and what alternative explanations or counterexamples might weaken the conclusion.
You can also discuss what sort of evidence would strengthen or refute the argument, what changes in the argument would make it more logically sound, and what, if anything, would help you better evaluate its conclusion.
In the 22nd century the firms compete each other at a global stage. World has shrunk not in size but the time and distance taken from one country to the other. Most of the south Asian countries have taken the manufacturing for the US and The European countries. The production has grown many fold. Its imperative to discuss the statistics over decades from world war II. The axiom "Survival of the fittest" has been observed in majority of the industries today, be it software, manufacturing the industrial products, hospitals, education sector etc. Since the firms are competing globally, they have to provide the best of the services at the...