If a company wants to increase its profitability, they need to sales volume, prices, or costs.

Question

Quizplus · Accepted Answer

In order to increase profitability, the company needs to increase either sales volume or prices, which will result in increased revenue. However, they also need to decrease costs in order to ensure that the increase in revenue is not offset by higher expenses. Therefore, the best choice is A - increase sales volume, change prices (if necessary), and decrease costs.

If a Company Wants to Increase Its Profitability, They Need