Question

If a firm’s expenses equal or exceed its revenue, what actions might management take?

Answer 1

In a case whereby firm’s expenses equal or exceed its revenue, the actions that might be taken by management is To check their production process and check the cost of their input.

What are expenses?

This are the cost of inputs that the company put into production of their goods and services.

When expense is higher than revenue then the organization is running at loss, but when the revenue equal to the expenses, there is no Gain.

Therefore, the actions that might be taken by management is to check their production process .

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