Asked by Somebody23
A firm began the year making large profits. As time passed, the firm recorded the highest sales numbers in the history of its existence, but profit began to fall. Which of the following is a good strategy for the firm to follow if it wants to increase profits?
A.reduce output
B.lower the price of its goods
C.increase output
D.raise the price of its goods
A.reduce output
B.lower the price of its goods
C.increase output
D.raise the price of its goods
Answers
Answered by
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D. raise the price of its goods