Question

) What would the management of a company such as Diamond, that was reportedly growing fast in sales and profits each year, need to do in subsequent years if it wants to manage income the same way as it did in fiscal 2010 and 2011

Answer 1

Answer:

In simple words, any company that wants to do business for a long time has to prepare their goals and strategies properly. Like every other company, diamond company has to do the following things as well :

1. Reinvest :

To continue the business, Diamond company need to reinvest from the profit as it is the cheapest source of finance.

2. Retain employees :

The company should try to retain their best and experienced employees as they will be the one with more efficiency and trust.

3. Advance planning :

The goals and plans for the future should be made in advance to avoid any chaos.