Which of the following statements is typically not true, Ask an Expert

Management Studies

Which of the following statements is typically not true about profit?

Profit is the basic reward for risk taking as well as the reward for efficiency

A higher profit per unit is generally justified for small special orders

Products and services requiring highly technical personnel usually require higher profit

Per unit profit is generally lower for complex products that require special tooling and training to produce

A higher profit is generally justified for a firm that repeatedly turns out superbly reliable technical products

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92473500

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