What needs to be done to ensure that a company is profitable?

Question

Quizplus · Accepted Answer

In order for a company to be profitable, it is necessary to both minimize costs and maximize revenue. By minimizing costs, the company can increase its profit margin, which is the difference between revenue and costs. However, it is not enough to just minimize costs - the company also needs to generate revenue by providing products and services that customers want at a price they are willing to pay. Therefore, the best choice is C, which identifies both minimizing costs and maximizing revenue as necessary for profitability.

What Needs to Be Done to Ensure That a Company