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    Business Connecting Principles to Practice
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    Exam 1: Taking Risks and Making Profits Within the Dynamic Business Environment
  5. Question
    The Only Way a Firm Can Increase Its Profits Is
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The Only Way a Firm Can Increase Its Profits Is

Question 194

Question 194

True/False

The only way a firm can increase its profits is to increase its sales revenue.
Revenues minus expenses = profits.A firm with stable or even declining sales might be able to improve profits by reducing expenses.

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