Answer to Question #83454 in Microeconomics for kawthar

Question

what are the things that decrease the cost, increase revenue and profit in small companies??
(with textbooks reverences)

Answer 1

Small business continues to experience challenges associated with maintaining a high level of profitability. Small companies require to examine their operating procedures and minimize their expenses to increase its revenue. Therefore, small companies should reduce there marketing costs, computer expenses and manage inventory to facilitate reduction of expenditure in minimum results, maintain computer functions and know what products the business can do without respectively.