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16 April, 09:54

Name two methods that business used to increased their profits

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  1. 16 April, 10:54
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    There are several methods in order for businesses to increase their profits. Some are as follows:

    (1) Increase the quantity sold (higher sales volume)

    (2) Increase the selling price (higher price per unit sold)

    (3) Reduce variable costs per unit

    (5) Reduce fixed costs

    The methods to increase profit are not only limited to these being mentioned.
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