beebze2000 beebze2000
  • 01-06-2020
  • Business
contestada

what should a firm do to minimize cost​

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ethan7080
ethan7080 ethan7080
  • 01-06-2020
There’s a couple things you can do.

Small firms have higher average costs, so if you can bring down average costs and increase output, then it will lead to lower average costs. Other things you could do to reduce costs are:

Reduce supply expenses.

Cut production costs.

Lower financial expenditures.

Modernize your marketing efforts.

start an internship program (free labor)

I hope that helps.


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