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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Answer:
turnover ratio = 16.87 %
Explanation:
given data
average daily assets = $2.7 billion
fund sold = $405 million
purchased = $505 million
solution
we get here turnover ratio that is express as
turnover ratio = 
................1
put here value and we get turnover ratio
turnover ratio = 
turnover ratio = 0.16875
turnover ratio = 16.87 %
Answer:
Comparative advantage
Explanation:
Comparative advantage -
It refers to the method used by a company to produce certain goods or services at a much cheaper and better manner than other company , is referred to as comparative advantage .
As the company can sell the similar product produced at much lower price , and thereby earns more profit for the product .
Thereby , the company has the upperhand over the other companies .
Hence , from the given information of the question ,
The correct answer is Comparative advantage .
Answer& Explanation:
(a) financing activities as the cash inflow comes from third parties in exchange of the future promise to received plus interest
(b) investing activities This cash outlay is perofrm to increase the capacity to generate cash in the future
(c) investing activity the cash inflow comes form the fixed assets of the company not their main operations.
(d) financing activities as the stockholders previously contributed to the firm equity are viewed as "lenders" to the company They made a contribution and now they receive their "interest"
Human labor is used in a Capitalist system in order to make products.
