Improving Profits

Question 1

How can a business reduce costs?

Answer 1

Redundancies, part time workers and cutting wages

Question 2

How can increasing sales improve profits?

Answer 2

Raising prices, increasing sales and introducing new products

Question 3

How can expansion help improve profits?

Answer 3

Internal ( new properties) and external ( new company )

Question 4

Name 3 ways to improve profit

Answer 4

Reduce costs, increase revenue and expansion