What strategies will you follow to increase company profits?

Question

Accepted Answer

Enhancing profitability involves optimizing operations, reducing costs, and increasing revenue through strategic initiatives.

Streamline operations by adopting technology to automate repetitive tasks, reducing labor costs.
Implement cost-cutting measures, such as renegotiating supplier contracts or reducing waste in production.
Diversify product offerings to attract new customer segments, for example, introducing eco-friendly products.
Enhance marketing strategies to boost sales, such as utilizing social media campaigns to reach a broader audience.
Invest in employee training to improve productivity and service quality, leading to higher customer satisfaction and retention.

Accepted Answer

By minimising the cost,shrinkage

Accepted Answer

Lg company always welcome to customers and sale primium product so he will achieve more profit

Accepted Answer

If Lg company employee sale more primium product company atometicly gain more profit

Accepted Answer

If Lg company sale more primium product he will gain more frofit

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