Ask Question
BusinessBusiness
6 February, 18:55

What strategy did businesses use to decrease cost and increase profits?

+5
Answers (1)
  1. 6 February, 19:48
    0
    Business used mass production to decrease prices and increase profits because since there was many of one product the prices had to decrease so people could afford the products and if more people buy the products then the businesses will gain more profits from it (from mass production).
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What strategy did businesses use to decrease cost and increase profits? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Makers Corp. had additions to retained earnings for the year just ended of $261,000. The firm paid out $194,000 in cash dividends, and it has ending total equity of $4.99 million. The company currently has 130,000 shares of common stock outstanding.
Answers (1)
Ferrari is well known as a brand of luxury sports cars; accordingly, it has leveraged its brand name to introduce clothing offerings emblazoned with its horse logo. It has also licensed its logo to 68 different products, from sunglasses to guitars.
Answers (1)
When the price of a cell phone increases by 5 percent, the quantity of cell phone calls demanded decreases by 3 percent. calculate the cross elasticity of demand for cell phone calls with respect to the price of a cell phone?
Answers (1)
If wellstone inc. plans to produce 1 million cell phone covers, how many of each color should it produce?
Answers (1)
The final three steps in john dewey's reflective-thinking process are as follows: a. generate solutions, evaluate solutions, select the best solution b. establish guidelines and criteria, evaluate solutions, conduct research and analysis c.
Answers (1)
New Questions in Business
How do the laws of supply and demand affect the labor market?
Answers (1)
Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas willdecrease. The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, willdecrease.
Answers (1)
Sunland Company issued $530,000, 15-year, 6% bonds at 96. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Answers (1)
Fred is a 45-year-old man. He has an analog television without a satellite connection. His savings are low. Therefore, he does not wish to switch to a digital television until the old one breaks down.
Answers (1)
7. XYZ stock price and dividend history are as follows: An investor buys three shares of XYZ at the beginning of 2010, buys another two shares at the beginning of 2011, sells one share at the beginning of 2012, and sells all four remaining shares at
Answers (1)
Home » Business » What strategy did businesses use to decrease cost and increase profits?
Sign Up Forgot Password?