State two difficulties a manger may face as a consequence of reducing costs of production to increase a businesses profit?"
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- Thread Starter
- 05-04-2016 12:48
- Official Rep
- 07-04-2016 14:20
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Just quoting in Puddles the Monkey so she can move the thread if needed
Spoiler:Show(Original post by Puddles the Monkey)
- 10-04-2016 17:22
Reducing costs in products could mean that the quality of the products being made are not as high which could affect the quantity sold which means that this could affect sales and therefore would not increase profits.
Another difficulty is if they reduce the staff that work in production it could mean that not as many products could be made which would affect suppliers etc. and also it puts extra stress on the remaining workers which could cause workplace stress which could have other implications on a business