Difficulties associated with ways of improving profits

?
Reduce costs of production
Results in low quality products and may entail redundancies
1 of 5
Increase prices
May reduce sales and revenue and criticism
2 of 5
Improve efficiency
Becoming more capital intensive - redudancies
3 of 5
Use capacity more fully
May require a price cut and could be difficult to manage
4 of 5
Eliminate unprofitable aspects of business
Redundancies and could be difficult to identify
5 of 5

Other cards in this set

Card 2

Front

Increase prices

Back

May reduce sales and revenue and criticism

Card 3

Front

Improve efficiency

Back

Preview of the front of card 3

Card 4

Front

Use capacity more fully

Back

Preview of the front of card 4

Card 5

Front

Eliminate unprofitable aspects of business

Back

Preview of the front of card 5

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