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Which is a correct way to reduce cost in business?

Answer and explanation

Correct answer: Using resources properly

Using materials, labour, time, energy, and money efficiently can reduce waste and lower the cost per unit without abandoning responsible quality. Cost reduction should come from better planning, process improvement, and control, not from deception or destroying records. Completely lowering quality may drive customers away. Thus, proper resource use is the sound method and A is correct.

Related tags

Cost ReductionResource EfficiencyBusiness RiskBusinessTrade And CommerceBusiness Trade And CommerceBusiness StudiesClass 11 Mcq

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