Question

How can waste reduction offset a need to increase our selling prices?

Answer 1

Due to increasing environmental concerns and the knowledge about recycling of products, people are coming forward towards the waste management techniques by using different recycling methods.

These waste reduction techniques help in contributing to some part of required raw materials of the final products, which in turn reduces the cost of buying new raw materials and the processing cost. As the cost of raw materials is reduced the final cost of the finished product will also be reduced. So it creates a buffer for the raise of selling prices.

So eventually better waste reduction techniques help in getting the products at a cheaper rater compared to prior.