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Why in a free market system producers are motivated to reduce costs and increase revenues?
The Profit Motive
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
Why do producers try to minimize costs and maximize revenue?
The profit motive
How does the profit motive affect the goals of producers?
Because the profit motives intend is to obtain monetary gain this promotes The Producers to produce Goods to make money
Why the profit motive often leads to efficiency and innovation?
The competition to make profit drives producers to eliminate waste.
Why the profit motive often leads efficiency and innovation?
The competition to make profit drives producers to eliminate waste.
What identifies the reason why producers try to minimize costs and maximize revenue?
The profit Motive
Which identifies the reason why producers try to minimize costs and maximize revenue?
The profit motive.
What do the profit motive motivates producers to do in a free market system?
Minimize costs and maximize revenue.
Main force behind the decisions made by producers in a free-market society?
the profit motive(:
The profit motive motivates producers to do which of the following in marketing goats?
Minimize costs and maximize revenues
Which of the following identifies the reason why producers try to minimize costs an maximize revenue?
the profit motive
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