Get premium membership and access questions with answers, video lessons as well as revision papers.

Outline the reasons for setting a reasonable profit.

      

Outline the reasons for setting a reasonable profit.

  

Answers


Martin
i. Preventing competitors-keeps potential competitors away as they see the business as not being lucrative

ii. Projecting a favorable public image-low public opinion, lower sales

iii. Restraining trading union demands- Large profits induce unions to demand for more pay

iv. Maintaining customer goodwill-maintains customers
marto answered the question on April 17, 2019 at 05:33


Next: Veronica tried to retrieve a document file following all the steps correctly. The filename did not appear in file list box. State three causes for...
Previous: Mwikali selected a paragraph in word processing. Explain what happened after pressing the following keys on the keyboard: i) CTRL + B ii) CTRL +A iii) CTRL+ U

View More Production Economics Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions