By the time bmw and mercedes benz entered the mini-suv market, there were many competitors, sales had peaked, and profits were declining. these firms entered the market during the stage of the product life cycle.

Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?

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Determine the hrm’s role in the performance management process and explain how to ensure the process aligns with the organization’s strategic plan.