By paying low wages, factory owners were able toincrease their profits in a competitive environment. avoid overcrowding and accidents on the factory floor. hire fewer workers to perform a variety of tasks. promise higher pay as an incentive to work harder

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Gia Holt

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1 November, 05:38

By paying low wages, factory owners were able toincrease their profits in a competitive environment. avoid overcrowding and accidents on the factory floor. hire fewer workers to perform a variety of tasks. promise higher pay as an incentive to work harder

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Sterling · Answer 1

Increase their profits in a competitive environment.

Explanation:

This strategy is something that can be useful when the owner of the company wants to make the most of their profit. Reducing salaries is a way for the owner to make more money; however, in the long term, unhappy employers are not going to have the same efficient performance, then it is something that should be properly analized beforehand.