Question

Widgetco wants to increase the total amount of money they make after expenses. They're unable to change their internal costs. Which factor can wedgetco lower to drive higher volume and increase the money they make after expenses?

Answer 1

Widgetco can either increase price or increase their volume.

Explanation:

In the given scenario, WidgetCo wants to increase the total amount of money they make after expenses. The few possible ways are:

• Widgetco can increase the sale price of their products.
• Widgetco can increase the volume of their products to achieve more sales.
• Widgetco will lower the selling price that will push up the demand and boost the profits that they earn.