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YashTop Contributor
Content Writer
Asked a question 4 years ago

What are ways in which revenues and profits can be maximized?

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There are three different ways in which the revenues and the profits can be maximized by changing the price strategy which the companies are having. The ways or strategies are as follows:

- HIGHEST PRICE:- companies tend to reduce the hourly rate to gain more clients.

- Companies tend to hire more consultants for the company’s strategy.

- AVERAGE PRICE:- companies charges a premium price for a product or the product that doesn’t have income generating features. Small prices are set to increase the revenues and profit for a product and overall for a company.

- LOWEST PRICE:- this is being done when the market of the product is very down and customers are very less for the business. The company fails to maintain operational efficiency and cost.