EEL214-3

We can become rich in business only by "Profit Maximization".

• True

• False

Olga is a baker. she wants to earn more money. She tries to reduce her cost on decor of the bakery and lights. Is she doing right ?

• Yes

• No

We can increase sales quality by applying bad marketing, quality improvement.

• True

• False

It's important not to cut costs at the expense of the quality of your products and services.

• True

• False

Reducing paperwork and doing work online, on laptops can reduce some costs for a business.

• Yes

• No

Find out the profit, if an ice cream cone is sold for $20 and the cost for making that ice cream cone is $5.