Question

Business organization can maximize profitability by ________ wastage.(Fill in the blank by choosing correct option)
a) Ignoring
b) Utilizing
c) Minimizing

Answer 1

Answer:

The correct answer for the fill in the blank is option c, i.e. minimizing.

Explanation:

In the given question, business organizations can maximize their level of profitability by minimizing their wastage. This is so because, by decreasing the level of wastage, the cost of production gets decreased. When the cost of production falls, this affects the difference of revenue versus cost. Ultimately that has a good effect on the profit levels. The profits will rise.

Answer 2

Answer:

c) Minimizing

Explanation:

Business organization can maximize profitability by minimizing wastage.