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    What steps businesses normally take to maximize profits (other than reducing costs)? Can a business minimize costs and maximize profits at the same time? Why or why not?

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    What steps businesses normally take to maximize profits (other than reducing costs)? Can a business minimize costs and maximize profits at the same time? Why or why not?

    © BrainMass Inc. brainmass.com June 3, 2020, 8:22 pm ad1c9bdddf
    https://brainmass.com/business/business-management/steps-businesses-normally-maximize-profits-134267

    Solution Preview

    Businesses can take several steps, besides reducing costs, to maximize their profits. Advertising and sales promotion is a very effective way of getting to earn more customers by aggressively promoting a particular product or service. However, it should be noted ...

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    One clear to-the-point paragraph explains this for you. No references.

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