Business leaders create wealth by ________.
A) Hiring employees in order to sell more units and generate more profit
B) Reducing their gross margins
C) Charging high prices to customers
D) Avoiding the cost of hiring employees
E) Putting competitors out of business

Question

Quizplus · Accepted Answer

Business leaders create wealth by hiring employees, who help to produce and sell more units or services, leading to increased revenue and profit. This in turn creates wealth for the company and its shareholders. Reducing gross margins and charging high prices may lead to short-term profitability, but in the long-term it can harm the company's reputation and customer base. Avoiding the cost of hiring employees or putting competitors out of business are not sustainable strategies for creating wealth.

Business Leaders Create Wealth by ________