In recent years, Chrysler Corporation initiated three-shift or nearly continuous (21-hours-per-day) production at a number of its

Question:

In recent years, Chrysler initiated three-shift or nearly continuous (21-hours-per-day) production at a number of its plants.
Explain why Chrysler’s decision might have been prompted by movements in its wage costs or capital costs, or both. Why would Chrysler have instituted this production change for its most popular (and profitable) vehicles, its minivans and Jeep Cherokee? What risks might such a plan pose?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...