A company is manufacturing garments. The manager wants to increase the profits by purchasing new high speed machines or increasing the sale price or using waste material in manufacturing stuffed toys.

He decided that using waste material to increase the profit is the best solution for him.                (5 marks)

• Identify the concept of management involved.
• To complete the process of the concept identified. What further steps does the manager have to take?
• Mention the steps involved in the above process by quoting the lines from the question,