Short Answer 
Businesses initially evaluate traditional production methods before considering innovative techniques. They focus on balancing cost and quality to remain competitive while ultimately aiming to maximize profits through efficient production strategies and market expansion.
Step 1: Evaluate Traditional Production Methods
Businesses first consider the methods traditionally used for production. If an established technique has proven successful and efficient, companies may choose to continue utilizing it. However, they remain open to exploring innovative techniques or technologies that can enhance efficiency and output.
Step 2: Assess Cost and Quality Balance
The next focus is on finding ways to produce items at a lower cost while maintaining or improving quality. Companies strive to create products that meet customer expectations without significantly increasing expenses. Achieving this balance is crucial for remaining competitive in the marketplace.
Step 3: Maximize Profit Strategies
Finally, businesses are primarily motivated by profit. They aim to develop strategies that maximize efficiencies in their production processes and expand into broader markets. By doing so, they can enhance their profitability and sustain growth over time.