How do private companies earn more profit?
a. Giving high wages
b. Less working hours
c. Both of these
d. None of these
Answers
Answered by
8
Answer:
d. None of these
Explanation:
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Answered by
0
Answer:
Correct Answer is C. Both of these.
Explanation:
The response to this query depends on a number of variables and may differ from company to company. Private businesses can, however, generally make more money by
- Raising revenue: Private businesses can increase their profit by doing so. This can be accomplished by boosting sales, growing the clientele, breaking into new markets, and introducing fresh goods or services.
- Cost-cutting: Private businesses can boost their profits by cutting costs. Cost-cutting strategies, increased operational effectiveness, and improved supplier negotiations can all help with this.
- Increasing productivity: By increasing productivity, private businesses can increase their profit. Technology investments, employee training, and process optimisation can all help with this.
In some cases, offering high wages and less working hours can help private companies increase their productivity and reduce employee turnover, which can ultimately lead to higher profits.
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