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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?

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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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