A large clothing manufacturer in NSW wants to reduce input costs - HSC - SSCE Business Studies - Question 7 - 2022 - Paper 1

To achieve the objective of reducing input costs, implementing global sourcing is the most strategic option. Global sourcing allows manufacturers to obtain materials and labor at lower costs by leveraging the price differentials in different regions. By sourcing inputs from countries where production costs are lower, the manufacturer can significantly reduce overall expenses.

In contrast, increasing product variety and employee training may incur additional costs without directly addressing the input costs. Sustainable packaging can also add to costs initially, even though it benefits the environment in the long run. Therefore, the most effective strategy for reducing input costs is to implement global sourcing.