Effective managers strive to minimize their firm's cost of capital.

Name: Effective managers strive to minimize their firm's cost of capital.
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Effective managers focus on reducing their firm's cost of capital by using various strategies. A lower cost of capital means that the company can raise funds more efficiently, which can positively impact profitability and growth. Thus, minimizing the cost of capital is a key goal for managers.

Effective Managers Strive to Minimize Their Firm's Cost of Capital