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Indicate the best and easy way to increase your firm profit, is it Increasing Sales, Volume, Decreasing Operating Cost or Procurement Cost?

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Question added by Mohammed Haboudal
Date Posted: 2019/02/04
Adham ElBaz
by Adham ElBaz , Internal Auditor , United Electronics Company - eXtra Khobar

It’s depends on the firm strategy, some firms follow deferential strategy to achieve it’s objective, on the other side some firms follow cost leadership to achieve it’s strategy. Increasing revenues, decreases expenses and increase market -share,etc..... all of these objectives an entities try to achieve it using its limited resources and by follow it’s strategy. So no clear cut answer is appropriate for this case.

GOVINDAN ELAVAZHAGAN
by GOVINDAN ELAVAZHAGAN , store incharge , cape east ltd

USE MECHANICAL MEANS TO BRING AND MOVING WITH SAFETY PROCEDURE FOR MATERIAL HANDLING AND WITH EFFECTIVE COMMUNICATION.

 

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