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Question

Select the proper option from the option given below and rewrite the completed sentences.

Business organization can maximize profitability by ________ wastage.
(a) Ignoring
(b) Utilizing
(c) Minimizing

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Solution

Correct option- c
Business organisation can maximise profitability by minimising wastage.


Explanation:
Minimising wastage means optimum utilisation of resources which means that the available resources are utilised to the maximum. This reduces the cost of production thereby resulting in higher profits.

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