select all the correct answers. brad purchased a company that is not profitable. what are two courses of…

select all the correct answers. brad purchased a company that is not profitable. what are two courses of action he could take to boost profits in the company? ensure the products are high tech examine demand for the products gauge customer satisfaction increase prices on products invest in new manufacturing equipment

select all the correct answers. brad purchased a company that is not profitable. what are two courses of action he could take to boost profits in the company? ensure the products are high tech examine demand for the products gauge customer satisfaction increase prices on products invest in new manufacturing equipment

Answer

Brief Explanations:

  • Examining product demand helps align supply with market needs, potentially increasing sales and profits.
  • Gauging customer satisfaction can lead to improvements in products or services, fostering customer loyalty and repeat business, which boosts profits. High - tech products aren't always more profitable, increasing prices may reduce demand, and new manufacturing equipment is a cost that may not immediately boost profits.

Answer:

  • examine demand for the products
  • gauge customer satisfaction