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
Bonita Industries was organized on January 1, 2021. During its first year, the corporation issued 2,100 shares of $50 par value preferred stock and 125,000 shares of $10 par value common stock.
Answers (1)
Leah, the CEO of SteadyResults Corp., feels that she is underpaid, so she hires a compensation consultant to survey actual competitors of the company. According to agency theory, if SteadyResults performs poorly, her salary will most likely:
Answers (1)
During the year an enterprise fund purchased $230,000 worth of equipment. The equipment was acquired with a cash down payment of $30,000 and a $200,000 loan. A partial year of depreciation on the equipment was taken in the amount of $23,000.
Answers (1)
A corporation declared and issued a 10% stock dividend on October 1. The following information was available immediately prior to the dividend: Retained earnings $ 830,000 Shares issued and outstanding 68,000 Market value per share $ 23 Par value
Answers (1)
What is an embargo? user: what is human capital?
Answers (1)
New Questions in Business
Is accounts receivable a material component of the company's total current assets?
Answers (1)
Packaging that provides convenience, product quality, protection, or easy storage offers what kind of benefits to customers?
Answers (1)
Raphael observes that at the current level of interest rates there is an excess supply of bonds, and therefore he anticipates an increase in the price of bonds. Is Raphael correct? (A). Raphael is correct.
Answers (1)
Maria goes to a concert after her mother asked her not to go. The ticket price was $100, and Maria's mom found out and now doesn't trust her. What is the opportunity cost of Maria's choice to go to the concert?
Answers (1)
On January 1, 2021, Poplar Fabricators Corporation agreed to grant its employees two weeks of vacation each year, with the stipulation that vacations earned each year can be taken the following year.
Answers (1)
Home » Business » What strategy did businesses use to decrease cost and increase profits?
Sign Up Forgot Password?