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Author Question: Discuss various ways to decrease costs.[br][br][b][color=#347235]Question 2[/color][/b][br][br]Which ... (Read 147 times)

Mr. Wonderful

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on: Jun 28, 2018
Discuss various ways to decrease costs.

Question 2

Which characteristic can be used to represent a set of variables with one mathematical equation?
 a. structuralism
  b. variate
  c. ANOVA
  d. exponentiation


14vl19

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Reply #1 on: Jun 28, 2018
Answer to Question 1

To decrease variable costs, we could outsource expensive parts of the business, find less expensive suppliers, or become a more niche provider since these businesses have higher prices for their special customers. To decrease fixed costs, we could spend less on R&D or cut down on advertising dollars by having fewer TV spots and more social media instead.

Answer to Question 2

B


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