Description
Explain the four fundamental ways in which a business can grow its revenues and profits. What reward system would you put in place for an organization of your choice (please specify) as part of the operations and budget planning process? Provide a rationale for that reward system. Support your primary response with at least one scholarly source. Provide in-text citations and complete references for all sources used. Format your post according to APA style
Explanation & Answer
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Running head : RAISING REVENUES AND INCOME
Strategies to Raise Business Revenues and Income
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RAISING REVENUES AND INCOME
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Strategies to raise business revenues and income
It is the target for every business to raise its profitability. This is achieved through the
raising of revenues while at the same time reducing the cost of operations, which then helps
the business to optimize on the net income to be retained as the profit. There are many ways
to increase revenues and profitability.
One of the key methods involves raising the price per item. Holding the sales volumes
constant, a company would not only be raising the overall re...
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