Answered

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The way to increase the profitability of a firm is to create less-expensive products. True or false?.

Sagot :

False

Value creation is the key to increasing a company's profitability.

What is  profitability?

Profit is defined as the difference between an economic entity's revenue from outputs and its opportunity costs for inputs. It is equivalent to total revenue less total costs, which include both direct and indirect costs.

How do you explain profitability?

A company's profitability is determined by comparing its revenue against its outgoing costs. A more efficient business will make more money relative to its costs than a less efficient one, which would have to spend more to make the same amount of money.

To know more about profitability visit:

https://brainly.com/question/18567571

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