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Introduction Industry Precision Machine Tool is a machine tool company that primarily manufactures for the automobile industry. The machine tool industry is self-sufficient in that they use their resources to manufacture products; that is, they use their own tools. Precision Machine tool uses big machines to build parts for lathes, which are sold in the automobile industry for use in factories. Precision has always had a reputation of quality, though it has declined because of …

…what is best for the company in a financial sense. They are allowing their emotions to control their decisions. Economic Issues Garner and Avery also have to deal with the issue of economics. Precision Tools is having a great deal of trouble keeping up with the Japanese industry. Precision no longer fits in with the current needs of the automotive industry. They no longer fit in with the current automotive environment. Automotive industries will not