beebze2000
beebze2000
01-06-2020
Business
contestada
what should a firm do to minimize cost
Respuesta :
ethan7080
ethan7080
01-06-2020
There’s a couple things you can do.
Small firms have higher average costs, so if you can bring down average costs and increase output, then it will lead to lower average costs. Other things you could do to reduce costs are:
Reduce supply expenses.
Cut production costs.
Lower financial expenditures.
Modernize your marketing efforts.
start an internship program (free labor)
I hope that helps.
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