Hi all, i am having some trouble with an economics subject and would appreciate some help. The question is as follows (The topic is Pure competition and believe it has something to do with marginal revenue). Thank you!
“Most firms are interested in increasing their sales. Many of the bigger ones have elaborate incentive schemes that reward their top sales people e.g. overseas trips, cash bonuses etc. Surely it follows that most businesses want to sell as much as possible because they get more and more profits in doing so.” Is this true? Explain.
“Most firms are interested in increasing their sales. Many of the bigger ones have elaborate incentive schemes that reward their top sales people e.g. overseas trips, cash bonuses etc. Surely it follows that most businesses want to sell as much as possible because they get more and more profits in doing so.” Is this true? Explain.