In order to decrease the cost of production, the company can engage in better training of staff and offering incentives to staff.
<h3>How can production costs be reduced?</h3><h3 />
The question is not complete so I will explain a bit on how to cut costs in a business.
One way to cut costs is to train the staff that produce goods and services better. They should be given knowledge on how to use resources efficiently and this would reduce wastage.
Staff can also be offered incentives for producing more goods and services with less resources which would reduce costs.
Reducing costs on its own adds value to a product because people would then be getting the same product, but for a cheaper price.
Find out more on cutting production costs at brainly.com/question/14300062
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I may know some of the answers but its to much that I cant guess all of them. Sorry!
Answer:
Hence, the net income earned or net loss incurred by the business during the year $102,340.
Explanation:
Answer: woodrow willson
Explanation: i paid attention in class
Answer: B) Organizing
Explanation: Organizing in a business aspect means making preparations for an activity or an event. It involves delegating authority, grouping duties into different sections, assigning duties, and assigning resources to various parts of the organization. Sally Mitchell is engaging in all these aspects in the case study.
Other definitions that don't apply here are explained below.
A) Planning - INCORRECT. Planning is the first step towards creating an event or activity. It is the process of brainstorming and thinking about what is needed to achieve a goal.
C) Scrutinizing - INCORRECT. Scrutinizing means thoroughly evaluating or inspecting something.
D) Controlling - INCORRECT. This is a function done by management that involves comparing set standards to actual standards to confirm that tasks have been performed in accordance with the plans set.
E) Envisioning - INCORRECT. This means to visualize a possibility that can occur in the future.
