Can a company increase its bottom line?
Yes, a company can increase its bottom line – there are two main ways in which a business will attempt to do this. Firstly, it could try to increase profits by reviewing costs, improving marketing efforts or expanding the business through acquisitions of other companies or creating new product lines. Secondly, it could try to decrease costs by cutting down on unnecessary expenses. This can directly impact employees, as it can affect headcount, salaries and bonuses.
It’s up to the management team of a business to determine which strategies it will put in place to increase the bottom line.