How Entrepreneurs Optimize Costs of Production? / ID: 546777

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ID number:546777

Author: Ivars (5)

Evaluation:

Published: 25.06.2014.

Language: English

Level: College/University

Literature: n/a

References: Not used

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So which could be the best way? There is again two stories. If the company is so huge that they couldn't use anymore maxinization process, just becouse they did it some years ago and they don't have any chance to maximize something then they have to choose minimization option. But if the company has just at the begining and there is a lot of options for future, than in all cases the first option would be maximization.…

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Business and Law

Economics

How Entrepreneurs Optimize Costs of Production?