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yawa3891 [41]
3 years ago
11

To generate higher profit margins, producers must work to

Business
2 answers:
Aleksandr-060686 [28]3 years ago
5 0

Answer:decrease their production cost

Explanation:because decreasing their costs would mean they will use less money on their product and people will buy it more often

dusya [7]3 years ago
4 0

Answer:

Decrease their production costs.

Explanation:

Profit margin is the ratio of gross profit to net sales expressed as a percentage. This measures how an entity is able to control its cost and can be used as inter-corporation comparison for entities in the same industry .

The cost of goods sold is subtracted from the net sales to obtain gross profit. The gross profit is in turn divided by the net sales and expressed as a percentage to obtain the profit margin.

When the cost of production is reduced or decreased, the gross profit which form the numerator of the profit margin fraction will increase and with an increase in the numerator the profit margin will go up, all things being equal.

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Which area of study involves microeconomics?
Mazyrski [523]

Answer:

The science of microeconomics covers a variety of specialized areas of study including: Industrial Organization: the entry and exit of firms, innovation, and the role of trademarks. Labor Economics: wages, employment, and labor market dynamics.

Explanation:

5 0
3 years ago
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The usual stated political goal of rent control isGroup of answer choicesto conduct social engineering via economic rules.prices
Vaselesa [24]

Answer:

to assist the low income at a cost to society, in convenient, affordable housing.

Explanation:

Rent control can be defined as a process which typically involves keeping the cost of rent within a certain amount that is affordable for the citizens. Therefore, it ensures the amount of money spent as rent doesn't go above the chosen amount or grow at an increased rate.

Price control can be defined as standard restrictions or regulatory conditions that are typically set and enforced by the government of a country.

This ultimately implies that, price controls are used to impose the minimum and maximum prices set by the government, which are to be charged for various goods and services in the market. This minimum price that can be charged such as minimum wage is known as price floor while the maximum price that can be charged such as rent control is known as price ceiling.

Basically, rent control is considered to be a price ceiling.

Hence, the usual stated political goal of rent control is to assist the low income at a cost to society, in convenient, affordable housing.

4 0
3 years ago
An operational plan provides a detailed road map of the steps necessary to achieve operational goals (sometimes referred to as o
lesya692 [45]

Answer: single use plan

Explanation: In simple words,single use plan refers to the plan that is made for achieving a goal that will not repeat in future.

A program plan refers to the plan that an organisation makes with an objective of outlining the activities and events that the employees have to follow for achieving organisational goals.  

Hence, from the above we can conclude that a program is a single use plan as it outlines activities for a specific project that needs to be performed.  

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3 years ago
Which 3 data points can be imported into the app transactions tab in quickbooks online?.
Dmitry [639]

Answer: Description, Date, and Amount. 

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1 year ago
Which one of the following is not a primary component of an internal control system?
Bond [772]

The following is not a primary component of an internal control system <u>Control environment .</u>

<u />

The primary cause of inner controls is to assist safeguard an corporation and further its objectives. internal controls characteristic to limit risks and shield property, make certain accuracy of facts, sell operational efficiency, and inspire adherence to policies, rules, regulations, and legal guidelines.

Internal controls are techniques designed to help guard an enterprise and limit danger to its objectives. inner controls decrease risks and guard belongings, ensure accuracy of statistics, sell operational performance, and encourage adherence to policies, policies, policies, and laws.

Determining whether a specific internal manage machine is effective is a judgement because of an assessment of whether the five additives - manage surroundings, risk assessment, manage sports, information and communique, and tracking - are present and functioning.

Learn more about Internal controls here

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5 0
1 year ago
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