Improvng Sales Revenue...
- Decrease price to increase demand
- Sell more (promotional offers)
- Increase price for more profit. You could then target other markets if they think its more expensive, then they may also think it is better quality.
Improving Gross Profit...
- Reduce Costs
- find a cheaper supplier
- take advantage of economies of scales and bulk buy
- however quality could decrease and therefore reputation
- relationships with the supplier isn't as strong
Improving Net Profit...
- Lower expenses
- spending less on marketing or training employees, which could lead to poor staff with lower effieciency.
- Competitors may have better advertisements, this depends on which industry they're in.
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