1 answer

Do businesses spend equal time forecasting on cost cutting and increasing revenues?

Question:

Do businesses spend equal time forecasting on cost cutting and increasing revenues?


Answers

No, It varies from business to business. A new Company will always focus on expanding and increasing the revenue, as because a new company has lots of option in increasing their revenues like getting more customers, expansion in new areas and upgrading their products, i.e. they always focus on increasing revenues to attract investors and venture capitalist.

On the Other hand a well established company always focus on Cost Cutting as because it has no scope of Expansion or to reach people. People already know the product and their customers are already present, hence this types of company focus on Cost Cutting.

Some Live Example can be Company Like UBER or any new Startup Company- they gives lots of Discount Vouchers on using their app when they launched their product new in the market as because they want the people to be aware of their product they do lots of advertisement giving discounts, etc. just to increase their Revenues.

They dont focus on their Cost Cutting.

Now the Companies like COCA COLA, FORD etc. focus on Cost cutting as because they already expanded throughout, now they focus on technological development which helps them to reduce their cost. Hence these companies focus on cost Cutting.

.

Similar Solved Questions

1 answer
Im having trouble with this problem. Can someone break it down for me please? Model rockets...
Im having trouble with this problem. Can someone break it down for me please? Model rockets have tiny engines that fire for around 2 seconds. Your rocket has a mass of 0.5 kg and you want to know its maximum speed. Using a radar gun you measure the velocity of the rocket to be 47 m/s the moment ...
1 answer
4.- You need to design an experiment for confounding a 2 factorial in four blocks. a) Suggest a s...
4.- You need to design an experiment for confounding a 2 factorial in four blocks. a) Suggest a solution. Answer: b) Suppose the company decides to use the following solution: ABCE and ABDF. You are given the treatment combinations in the principal block: (1) ab acd bcd ce abce ade bde acf bcf df ab...
1 answer
Homework Assignment Chapter 12 Saved 2 Exercise 12-11 Algo The quality department at an electronics company...
Homework Assignment Chapter 12 Saved 2 Exercise 12-11 Algo The quality department at an electronics company has noted that, historically, 93 % of the units of a specific product pass a test operation, 5% fail the test but are able to be repaired, and 2% fail the test and need to be scrapped. Due to ...
1 answer
4. Getting to know the Solow Model 4.1. During the misty season in Santa Cruz (June...
4. Getting to know the Solow Model 4.1. During the misty season in Santa Cruz (June through August), the morning mist causes machinery to corrode more quickly than during other parts of the year. Which parameter in the Solow model would likely be affected by the mist? How would it change? What would...
1 answer
Help with 1B 1b) A project provides a revenue of $20,000 increasing at $5,000 per year...
help with 1B 1b) A project provides a revenue of $20,000 increasing at $5,000 per year during a five-year investment period. The machine to be used on the project is purchased for $20,000 and has an expected life of 5 years. The salvage value at the end of 5 years is $2,000. Out-of-pocket expens...
1 answer
2. How can you use the "Arc of Distortion" and "Johari Window" concepts to help you...
2. How can you use the "Arc of Distortion" and "Johari Window" concepts to help you improve your, and other's, communication on the job or elsewhere? Can you use these concepts to gain yourself a political advantage at work?...
1 answer
3. An ice skater is spinning counterclockwise about a vertical axis when viewed from above. What...
3. An ice skater is spinning counterclockwise about a vertical axis when viewed from above. What is the direction of her angular-momentum vector? Explain....
1 answer
Lily Tucker (single) owns and operates a bike shop as a sole proprietorship. This year, she...
Lily Tucker (single) owns and operates a bike shop as a sole proprietorship. This year, she sells the following long-term assets used in her business: Asset Sales Price Cost Accumulated Depreciation Building $ 225,000 $200,000 $52,000 Equipment 80,000 148,000 23,000 ...
1 answer
Armour, Inc., an advertising agency, applies overhead to jobs on the basis of direct professional labor...
Armour, Inc., an advertising agency, applies overhead to jobs on the basis of direct professional labor hours. Overhead was estimated to be $207,000, direct professional labor hours were estimated to be 23,000, and direct professional labor cost was projected to be $414,000. During the year, Armour ...
1 answer
-6 at 30 ft = 180 ft- 25 k 25k 25L I 20 ft 15 ft...
-6 at 30 ft = 180 ft- 25 k 25k 25L I 20 ft 15 ft 5 ft 45k (g) members CD, DI & DJ (method of sections)...
1 answer
1 pts Question 10 Strange Manufacturing Company is considering the purchase of a production facility at...
1 pts Question 10 Strange Manufacturing Company is considering the purchase of a production facility at a cost of $21 million. The firm expects the project to generate annual cash flows of $7 million over the next five years. Its cost of capital is 18 percent. What is the net present value of this p...
1 answer
O o How does the price of a stock change over time? What does it mean...
O o How does the price of a stock change over time? What does it mean for the stock market to be in equilibrium?...
1 answer
Last month, Bergen Incorporated's Fabrication Department had 5,800 units in beginning work in process inventory that...
Last month, Bergen Incorporated's Fabrication Department had 5,800 units in beginning work in process inventory that were 70% complete. These units had $24,012 of materials cost and $24,766 of conversion cost. All materials are added at the beginning of the process and conversion costs are added...
1 answer
(1 point) A chi-square independence test is to be conducted to decide whether an association exists...
(1 point) A chi-square independence test is to be conducted to decide whether an association exists between two variables of a populations. One variable has 6 possible values and the other variable has 8. What are the degrees of freedom for the x2-statistic? answer:...
1 answer
Check if the series is absolutely convergent, conditionally convergent or divergent. With steps provided as well...
Check if the series is absolutely convergent, conditionally convergent or divergent. With steps provided as well please? n2 n1 0о E)2n3 n2 +5n + 10 п-1 n2 n1 0о E)2n3 n2 +5n + 10 п-1...
1 answer
Please answer step by step with correct sig figs and units: 5) A cylindrical iceberg of...
please answer step by step with correct sig figs and units: 5) A cylindrical iceberg of uniform density with a height of 210. meters and a radius of 470. meters floats in the ocean with its axis oriented in the vertical direction. The iceberg extends 22.0 meters above the surface of the ocean. Th...
1 answer
A-PHY 2053-801 - Summer20 - WOODS > Activities and Due Dates > Chapter 8 Homework Assignment...
a-PHY 2053-801 - Summer20 - WOODS > Activities and Due Dates > Chapter 8 Homework Assignment Score: 37.3% Resources C Give Up? Feedback Resume Attempt 1 Question 14 of 40 > mi m2 MI Three point objects with masses mi = 2.6 kg, m2 = 3.8 kg, and m3 = 3.3 kg are arranged in the configuration s...
1 answer
What is the GCF of 4, 12, and 28?
What is the GCF of 4, 12, and 28?...