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Sagot :
Maximizing profits is the factor that affects employers' decisions on how much to pay their workers.
What is profit maximization?
Profit maximisation is a process that businesses go through to make sure the best levels of output and prices are realised in order to maximise their returns. The company modifies important variables like sale price, production costs, and output levels in order to achieve its profit objectives.
Profit maximisation is a strategy that can promote effective and long-term business expansion. Using a profit maximisation approach can ensure that increased work results in higher net revenue if you're ready to develop your business.
What are other factors that affects workers pay?
Internal and External Determinants of Pay: Factors Affecting Employee Pay
- Employment Situation
- Financial Situation
- Government Control of Living Expenses
- Prevailing Wage Level Union Influence
- Globalization
- Sector-Across Mobility
Supporting answer
Hence option B is correct answer
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