Question

Leo Ink is a company that produces stationery items. In order to remedy the current low-profit situation, the company plans to hire personnel and form a brand-new marketing team. The labor market proves to have a shortage of qualified marketing personnel. In this situation, which of the following strategies could Leo Ink follow to make profits? Increase the salary offered to hire the needed marketing personnel Increase its scale of production instead of hiring people O Branch into the production of other itens O Continue in the present state

Answer 1

In the current low-profit situation The strategies could Leo Ink follow to make profit is Expand your business to produce other items. Option C is correct

If you choose a selling price for a product that isn't much higher than its cost, you have a limited profit margin. If your company's profit margin is low, you usually sell products of ordinary quality and compete in a market with fierce competition. Low profitability is typically caused by high operational costs, low income, or, most often, a combination of the two. Excessive costs are frequently caused by ineffective operational procedures, which lead to insufficient vehicle utilization, an overly large fleet, and an overabundance of staff in developing nations.

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