A few days ago Jet Airways and Kingfisher had merged some of their services to cut cost. Today Chrysler and Fiat are in looking to merge to save on cost. Is this a new trend in business? All businesses whether manufacturing and or services have been facing financial troubles owing to the economic problem, but off late there have been stories of big corporates tying knots to save on cost and manage operations from common resources. It certainly does help to reduce cost of service or production but at the same time it also reduces competition in the market. If maximum corporates form alliances with competitors prices would be more or less similar to each other, the consumer would have barely have much of choices, which in turn might reduce their spending power. It would then turn into a cyclical problem. May be the market must think of new methods to woo business and save on cost. ZaaBiz is looking for new solutions to such problems and might emerge with some solution, so be updated with us.
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