Profitability can be increased in the long run if expenses can be reduced by more effective or more efficient spending.

Question

Quizplus · Accepted Answer

By reducing expenses, a company can increase its net income and ultimately its profitability in the long run. This can be achieved through various methods such as cutting unnecessary costs, improving operational efficiency, and negotiating better contracts with suppliers.

Profitability Can Be Increased in the Long Run If Expenses