Barry,a manager,says that if his company's revenue had not increased last year,it would not have been able to increase its profits.What is the flaw in Barry's reasoning?
A) Other similar companies have increased their profits,too.
B) Revenue does not contribute to profitability.
C) Profitability may not be the only objective of the company.
D) The company can increase revenue by advertising more.
E) Profits can also be increased by lowering costs,not just by increasing revenue.
Correct Answer:
Verified
Q3: In terms of factors of production, Imperial
Q8: An economic system is
A) an agreement between
Q9: Profit is
A) what remains after business expenses
Q11: The sales revenues of TransCanada Distributors have
Q12: This week,Jessica's Variety Store had sales of
Q14: The sales revenues of TransCanada Distributors have
Q15: Most of the goods and services consumed
Q16: The key difference between economic systems is
A)
Q18: Entrepreneurs are important because they
A) make lots
Q19: Profit is
A) the market value of shares
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents