Is it proper to reduce the cost of production in order to sell at competitive price?

[Ja Sa Bong]

Reducing the cost of production is definitely going to reduce the cost of items so many manufacturers would want to reduce the cost of production so that they can sell their items at a competitive price but it is better to maintain good quality.

The reason why it's crucial to reduce the cost of production in your business is because this helps to increase your profit making. It doesn't have to be to be competitive in the market but to make more from your business. If you're competitive in the market without making more profit, it's a hopeless competitiveness.

 

[Henrywrites]

Reducing the cost of production is definitely going to reduce the cost of items so many manufacturers would want to reduce the cost of production so that they can sell their items at a competitive price but it is better to maintain good quality.

Reducing the cost of production may not always affect the quality of the product. It is a wrong notion to think that reducing the cost will make the quality to drop. It is simply a means that the producer is using to ensure that the business stays competitive in the market.

 

[Good-Person]

The reason why it's crucial to reduce the cost of production in your business is because this helps to increase your profit making. It doesn't have to be to be competitive in the market but to make more from your business. If you're competitive in the market without making more profit, it's a hopeless competitiveness.

Well, cutting the cost would definitely have a major effect on the quality. This is because you tend to buy cheaper raw materials in order to buy the product. Quite surprisingly, there are a few businesses that have increased the cost of production, but the quality of their product has reduced significantly.

 

[Ja Sa Bong]

Well, cutting the cost would definitely have a major effect on the quality. This is because you tend to buy cheaper raw materials in order to buy the product. Quite surprisingly, there are a few businesses that have increased the cost of production, but the quality of their product has reduced significantly.

If you manage to maintain the same quality in your products or services after you've reduced the cost of production in your business, it will make your products to give you more profits and your customers will not be angry because your quality remains the same.