Reduction in production cost results in ________.
A) decreased profitability
B) lower shareholder value
C) increased profitability
D) increased competition

Question

Quizplus · Accepted Answer

By reducing production costs, a company can increase its profitability as it can produce the same goods at a lower cost, resulting in a higher profit margin. This can also make their products more competitive in the market.

Reduction in Production Cost Results in ________