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Why in a free market system producers are motivated to reduce costs and increase revenues?
Wiki User
∙ 11y ago
The Profit Motive
Wiki User
∙ 11y ago
Xio Gonz
The answer is the profit motive.
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In a free-market system producers are motivated to reduce costs and increase revenues because of what?
The profit motive.
In a free-market system producers are motivated to reduce costs and increase revenues because of?
The profit motive.
In a free-market system the profit motive motivates producers to do?
Minimize costs and maximize revenues.
In a free market system the profit motive motivates producers to do which of the following?
minimize costs and maximize revenues
Which choice gives a reason that property rights must be protected in a market economy?
Producers must be ensured that they will be able to sell their products and keep the revenues
In a free-market system producers are motivated to reduce costs and increase revenues because of what?
The profit motive.
In a free market system producers are motivated to reduce cost and increase revenues because of?
The profit motive.
In a free-market system producers are motivated to reduce costs and increase revenues because of?
The profit motive.
In a free-market system the profit motive motivates producers to do?
Minimize costs and maximize revenues.
In a free market system the profit motive motivates producers to do which of the following?
minimize costs and maximize revenues
Which choice gives a reason that property rights must be protected in a market economy?
Producers must be ensured that they will be able to sell their products and keep the revenues
What are the Advantages and disadvantages of market penetration?
An advantage to market penetration is the fact that a business will increase their revenues. A disadvantage is the fact that they are essentially remaining in a regional area.
If the number of producers increase what would happen to the consumers?
there will be an increase in total and market supply, therefore allowing a greater choice to the consumer; that is - you will a greater range of products to choose from! :)
Explains why producers conduct market research?
Market research helps producers earn more profits.
What will most efficiently provide products?
A market economy with many producers
Best explains why producers conduct market research?
Market research helps producers earn more profits.
Which best explains why producers conduct market research?
Market research helps producers earn more profits.
