QuickHelper

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Teaching Since: May 2017
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    Phoniex
    Jul-2007 - Jun-2012

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    ChevronTexaco Corporation
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Category > Accounting Posted 06 Jun 2017 My Price 14.00

What do you think could happen to a business owner whose only concern was increasing revenue?

Question description

 

 

Business owners have to earn a profit to stay in business and successfully serve their customers, requiring them to focus on both revenue and expenses. This creates a very sensitive balancing act between the amount a business earns and the amount it spends in production and operating costs.

Initial Post Requirements:

Discuss the following points:

What do you think could happen to a business owner whose only concern was increasing revenue? How would that impact the business, its suppliers, the employees, and the customers? Provide a detailed explanation.

What could happen to a business owner whose sole focus was controlling expenses? How would that impact the business, its suppliers, the employees, and the customers? Provide a detailed explanation.

In your opinion, how should a business owner balance the desire to increase revenue with the need to control costs?

 

Answers

QuickHelper
(10)
Status NEW Posted 06 Jun 2017 06:06 PM My Price 14.00

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