Managers Can Increase Firm Profits By

question 12

Multiple Choice

Managers can increase firm profits by:

• A)increasing revenue only.
• B)decreasing costs only.
• C)increasing revenue and decreasing costs.
• D)none of the above.

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Definitions:

Nominal Group Technique

A structured method for group brainstorming that encourages contributions from everyone by collecting ideas independently then discussing them collectively.

Highly Structured

An organized and clearly defined system or framework with specific rules, procedures, and roles.

Inhibitions

Psychological barriers or restraints that limit or hinder an individual's actions or behaviors.

Norm Intensity

The degree to which a norm is accepted and enforced within a group or organization, affecting members' behaviors and attitudes.