Many ways you can reduce the cost of production in the business, you can do that by reducing the number of employees in the business, so that the cost will not be much.
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It really is not so. There are certain costs that are just redundancy in some business organizations. There are some organizations that staff exploit loopholes to divert money. Proper auditing would ensure that all costs are properly and rightly incurred.When you reduce the cost of production in an organisation or a company . Then you are categorically saying that you want to reduce the quality of product to inferior quality which might affect your sales .
The cost of production in each business is always different and how you monitor and runs the business, take for example , we might be running the same business and the same size , the cost of production might be different because we have different ways in which we produce our product .I think this depends on how well you are managing your business, remember the secondary reason for starting the business to earn money, nothing more.
I don't think that reducing the cost of production means that you are reducing quality. There are a lot of ways you can use to reduce the cost of production. One of the ways of doing that is buying vehicles that consumes lesser fuel.When you reduce the cost of production in an organisation or a company . Then you are categorically saying that you want to reduce the quality of product to inferior quality which might affect your sales .
I don't think that reducing the cost of production means that you are reducing quality. There are a lot of ways you can use to reduce the cost of production. One of the ways of doing that is buying vehicles that consumes lesser fuel.