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saveliy_v [14]
3 years ago
7

To generate higher profit margins producers must work to do?

Social Studies
2 answers:
docker41 [41]3 years ago
7 0

The profit margin is the difference between the price charged for a good or service and the cost of producing it. Therefore it constitutes the profit for the producer.

<u>Two strategies can be followed to increase profit margins</u>

  • Lower average production costs: if the company is able to increase the efficiency of its production processes (for example, by introducing new organizatives techniques) it will be able to produce more units with the same amount of resources. Then the cost per unit produced decreases, and the company will earn a higher margin if continues charging the same price.
  • Product differentiation. The company introduces modifications in the product so that the perception that consumers have of it improves, and therefore consumers would be willing to pay a slighty higher price for purchasing that particular brand. If such modifications do not entail a larger increase in the cost per unit produced than the size of the price increase, then the firm will be able to increase its profit margins with this strategy.
Alex777 [14]3 years ago
4 0
Reduce the cost of the product's manufacturing costs & transportation costs?
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2 years ago
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3 years ago
It was only when Jon was fighting against leukemia did he and his family realize that he could be a strong, highly independent,
Vladimir79 [104]

Answer:

This information about Jon that he and the others were unaware of would fall under the unknown area in the Johari Window before the incident.

Explanation:

The Johari Window is a technique developed by psychologists in 1955. It is commonly used in self-help groups. The Window consists of four areas: open, blind, hidden, and unknown. From a list of adjectives, a subject selects the ones that describe him/herself. Then his/her peers also select adjectives from the list to describe the subject.

In the open area, the adjectives that were selected by the subject as well as the peers are placed. In the blind area, the adjectives selected only by the peers are placed, showing what is perceived by others but not by the subject. In the hidden area, the adjectives selected only by the subject are placed. Finally,<u> in the unknown area, the adjectives that were not selected by any of them are placed.</u>

<u>As we can see, anything that is unaware to the subject or his peers falls under the "unknown" category. However, the subject might very well have those qualities. It's just that he and others haven't seen them being displayed yet. That's precisely what we have in Jon's case. No one knew of his strength, independence, and optimism until he finally displayed those qualities due to an incident. Therefore, they would have fallen under the unknown area before that incident.</u>

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Answer:

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