If a Manager Desires to Increase Profit, He or She

question 143

Essay

If a manager desires to increase profit, he or she might attempt to modify sales volume, sales price or fixed or variable costs.Discuss how each of these might affect profit.

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Definitions:

Work Assignment

A task or set of tasks given to an individual or group as part of their job or studies.

Incentive

Something that motivates or encourages an individual to take action or behave in a certain way.

Homeostasis

The process by which living organisms regulate their internal environment to maintain a stable, constant condition for survival.

Ambient Temperature

The air temperature of any object or environment where equipment is stored or operated.