Dog Groomers Inc. runs a dog grooming salon. It has incurred costs of fitting out high street rented premises to be used as a dog grooming salon. Which of the following activities illustrates the efficient management of their asset conversion cycle?

Reducing the cost of utilities by switching supplier.

Negotiating trade discounts on grooming products used in the salon.

Making efficient use of the premises by maximising the number of grooming stations.

Increasing the price for grooming charged to customer