To generate higher profit margins, producers must work to

Asked by wiki @ 07/11/2020 in Business viewed by 315 People

increase their total supply.
increase their total expenses.
decrease their customer base.
decrease their production costs.

Answered by wiki @ 07/11/2020

The option (d) is correct. In order to generate higher profit margins, producers must work to decrease their production cost.

Further Explanation:

Profit Margin is a measure of the profitability of the company. It is computed as the net profit as a percentage of the sales. The higher profit margin results from an increase in sales revenue or a decrease in production cost.

The increase in total supply does not result in the revenue of the company. It only means more products are available to the customers. So, it will not result in higher profit margins.

The increase in total expense and decrease in the customer base will reduce the net profit, thereby reducing the profit margin.

Therefore, Option (d) is correct because a decrease in production cost will increase the net profit, thereby generating a higher profit margin.

Why do government regulations lead to higher prices for consumers? a.taxes must be raised to enforce these regulations. b.producers pass along the costs of compliance. c.they limit the input of natural resources. d.wages reductions decrease purchasing power.

Asked by maham237 @ 13/01/2021 in Law viewed by 364 persons

Foolproof module 9 test answers

Asked by maham237 @ 31/12/2020 in Business viewed by 3327 persons

Able, baker, and charles are engaged in the marketing to and enrollment of beneficiaries into medicare health plans. mr. able is an independent agent paid directly by a health plan. ms. baker is an independent agent paid through a field marketing organization (fmo). mr. charles is an independent agent paid for his work by a third-party marketing organization (tmo). how do the cms compensation rules apply to these three agents?

Asked by maham237 @ 13/01/2021 in Business viewed by 2748 persons

To generate higher profit margins, producers must work to

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