Q: What is the best way to reduce costs to drive higher profits?
By Garry Hojan Profit = Total Revenue—Total Expenses. The two items listed here are sales and costs. Those are the two levers that adjust the business’s profitability and cost reduction, which has a multiplier effect. The reason for the multiplier effect on profit is as follows: If I cut $100 of non-revenue generating expenses, it […]
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