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Profit margin
01
the difference between the earnings and the costs in a business
Example
The retail industry operates on thin profit margins, requiring careful management of expenses and inventory.
Analyzing competitors ' profit margins can provide valuable insights into market trends and competitive positioning.
The company 's profit margin increased significantly after implementing cost-saving measures and streamlining operations.
Example
The retail industry operates on thin profit margins, requiring careful management of expenses and inventory.
Analyzing competitors' profit margins can provide valuable insights into market trends and competitive positioning.
The company's profit margin increased significantly after implementing cost-saving measures and streamlining operations.
A higher profit margin allows businesses to reinvest in growth initiatives and reward shareholders with dividends.
Understanding your product's profit margin is essential for making informed pricing decisions and maximizing profitability.
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