Business Studies Question (1 Viewer)

[schtrevey]

what are two strategies a business could use to improve net profit??

 

[lyounamu]

what are two strategies a business could use to improve net profit??

Business can improve its net profit through:

• Increase of profit margin
• Increase of sales
• Mass production to reduce the cost of production per item
• Reduction of expenses

There are tonnes of strategies involved to improve the net profit as I outlined above.

 

[schtrevey]

Thanks namu, wow i need abit of revision to do lol)