how do you increase profit margin (%)?\n○ increase revenue or decrease expenses\n○ increase prices, decrease…
how do you increase profit margin (%)?\n○ increase revenue or decrease expenses\n○ increase prices, decrease expenses, or increase revenue\n○ there are hundreds of ways\n○ increase prices or decrease expenses
Answer
Brief Explanations:
Profit margin is calculated as profit divided by revenue. Profit = Revenue - Expenses. Increasing revenue (which can be done by increasing prices among other ways) or decreasing expenses will increase profit, and thus can increase the profit - margin. While there are many ways in practice, the fundamental ways are increasing revenue or decreasing expenses.
Answer:
A. Increase revenue or decrease expenses