1.16 The global organisation should operate in very much the same way as a domestic organisation using the value chain. How can the organisations increase their profits? (1)
A. By adding value to a product so that consumers are willing to pay more for it
B. By lowering the value chain of the organisation in order to increase the turnover
C. By increasing the costs of value creation
D. All of the given options
D. All of the given options
The global organization can increase their profits by adding value to a product so that consumers are willing to pay more for it, by lowering the value chain of the organization in order to increase turnover, and by increasing the costs of value creation. These are all strategies that can help the organization generate more revenue and increase profitability.