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A firm might increase its profits by raising its wages to attract more qualified staff. The staff may stay longer and be more committed and good at their jobs as a result of higher pay. They will be happier which will result in increased customer satisfaction. The firm will make more money as a result of having more efficient workers.
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How do corporations increase their profits?
the majority of corporations increase their profits by any means that includes breaking human rights laws paying people lower wages and getting things that they need made cheaper in third world countries.
Which phase of the business cycle is marked by an increase in production while employment wages and business profits also rise?
expansion phase
When might a company be criticized for its lack of corporate social responsibility Answer apex after cutting wages and benefits in order to increase profit?
After cutting wages and benefits in order to increase profit
Why do dream catchers come from africa?
If the question refers to modern dream catchers that are sold in tourist shops or craft stores, they might be manufactured in Africa because people are willing to work for lower wages there than in the U.S., making the eventual consumer cost less expensive and raising the company's profits.
What were the wages of being a factory owner in Victorian England?
Factory owners did not take wages, they took the profits of the factory.
Does an increase in wages payable increase or decrease cash flow?
Increase in wages payable will increase in cash flow because cash is not paid.
Which items are used in caculating the gnp?
wages,rents,interest,profits
What items are used in calculating the GNP?
A+: Wages, rents, interest, profits.
Define shares of company profits beyond salary or wages?
Answer is profit-sharing.
When might a company be criticized for its lack of corporate social responsibility?
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What did The Ford idea had to do with?
which was to increase the wages
Your wages went from 7.50 to 8.25 what is your percent increase?
10% increase.
