Question

Firms can increase profits by increasing revenue and/or reducing costs. Provide two examples of Canadian firms...

Firms can increase profits by increasing revenue and/or reducing costs. Provide two examples of Canadian firms (preferably from B.C.) that are trying to increase profits by raising revenue and two that are trying to do so by reducing costs.

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1:Cost reductions increase profits. Describe 3 out of the 8 ways firms reduce costs and provide...
1:Cost reductions increase profits. Describe 3 out of the 8 ways firms reduce costs and provide your own real examples. 2: Give your own examples of economies of scope and economies of scale.
If marginal cost exceeds marginal revenue, a. the firm can increase profits by increasing output b....
If marginal cost exceeds marginal revenue, a. the firm can increase profits by increasing output b. the firm will lower profits by increasing output c. the firm is maximizing profits d. average cost equals average revenue e. total cost exceeds total revenue
So long as consumers buy more at a lower price, firms can increase their profits by...
So long as consumers buy more at a lower price, firms can increase their profits by lowering the price or their costs. TRue or false, if false why
What is meant by a purely competitive firm? Can you provide examples of firms that are...
What is meant by a purely competitive firm? Can you provide examples of firms that are economically efficient as opposed to firms that are economically inefficient? Do firms take into consideration the availability of the scarce resource in the production of intermediate and/or final goods? Please provide real-life examples in your response.
11.   A firm is making 0 economic profits. This means that: A.  it can cover variable costs...
11.   A firm is making 0 economic profits. This means that: A.  it can cover variable costs but not fixed costs B.  it has an opportunity cost equal to its accounting profits C.  it has explicit costs but no implicit costs D.  It has explicit and implicit costs equal to zero E.  it has revenue equal to its implicit costs 12.   A firm is making 0 economic profit. This means that: A.  firms want to enter the industry B.  firms want to exit the industry C.  firms want...
1. As long as two firms have different abatement costs, they: Group of answer choices can...
1. As long as two firms have different abatement costs, they: Group of answer choices can benefit under a system of marketable pollution permits by trading the right to pollute. will prefer a pollution tax to a system of marketable pollution permits. will decrease the price of their product if taxed on the amount of pollution they emit. will not be able to benefit from trading the right to pollute under a system of marketable pollution permits. 2. Because pollution...
1.Revenue grew from $34,000 in January to $42,000 in February. What is the revenue growth rate?...
1.Revenue grew from $34,000 in January to $42,000 in February. What is the revenue growth rate? 0.24 23.5% 0.19 19.0% 2.The landlord for WPF Consulting has proposed raising the monthly rent from $2,500 to $3,000 citing the increased costs of operating the building. What is rental rate percentage change is the landlord proposing? 20% 16.7% 10% 8.33% 3.A sales and marketing strategy is a characteristic of an operational-centric business. True False 4.Inventory is a use of cash. True False 5.Bill...
Two oligopoly firms are in the process of evaluation their marketing strategies. Firm 1 can generate...
Two oligopoly firms are in the process of evaluation their marketing strategies. Firm 1 can generate estimated profits of $10 mil. From strategy A if the second firm reacts by strategy C abd $15 mil. From strategy A if the second firm reacts by strategy D. On the other hand firm 1 may follow strategy B which could return profits of $8 mil. Or $9 mil. If firm 2 reacts by strategy C or D respectively. The second firm’s potential...
How would you respond to this post? As mentioned, managers are rotated annually and their income...
How would you respond to this post? As mentioned, managers are rotated annually and their income is dependent upon the direct contribution margin of that store. Contribution margin is “the revenue minus certain costs” (Schneider, 2017, Section 1.7, “Contribution Margin and Its Many Variations,” para. 1). It can be computed by total sales minus total variable costs (Schneider, 2017). It seems that the manager of Store 9 is trying to reduce the amount of variable costs in an attempt to...
OSCM Assignment 6 - Reducing Waste vs. Price Increase In a competitive marketing environment for consumer...
OSCM Assignment 6 - Reducing Waste vs. Price Increase In a competitive marketing environment for consumer products, manufacturers are not allowed the luxury of raising selling prices to increase profits. This environment makes it difficult to increase sales unit volume without increasing very costly marketing expenses. Without price increases and sales volume increases, it is the job of top management decision makers to find other ways to increase profitability – they turn to Continuous Improvement. Background: We manufacture and distribute...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT