How do you think the United States Postal Service can be more of a successful and more profitable intermediary without just raising their prices or do you think it is too late for them? What are some of the environmental factors that are putting pressures on the postal service and impacting their costs?© BrainMass Inc. brainmass.com October 10, 2019, 7:41 am ad1c9bdddf
Since profit is highly correlated with revenue and cost, the best way to increase profit is to increase revenue and lower their costs.
On the revenue side, I think the United States Postal Service (USPS) can become more successful by getting into more partnerships with the big brand name stores or with online shops. For instance, having partnerships with Amazon and ...
This solution describes environmental factors that are impacting the costs experienced by the United States Postal Service (USPS) and provides suggestions for how USPS can address these factors to reduce their costs. It also provides strategies that could increase revenue in order to improve the overall profitability of the organization without resorting to raising their existing prices.