A marketing company prides itself on its sales prowess and is looking for ways to increase profits. Given the company culture, the president calls for a 10% increase in sales to meet the profitability goals. The company currently has revenues of $8,000,000 (annually), spends 54% of its revenues on purchases, and has a net profit margin of 8.75%.
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Companies are the business arena that provides goods and services in a large scale production and hence are classified depending on the kind of ownership and the services and goods which are provided.
- For the company to increase its mode of operation and the profitability, there are some of the adjustments and changes that have to be made for the company to get to have this
The following are some of he activities that can increase the profit of a company:
- The individuals and the stakeholders in the company needs to reduce the production cost in order to realize the huge profits and and getting large amount of the capital needed to run such companies.
- The type of the advertisements should also be that which requires less capital to run such as the use of ADDS and the online platform which is a little bit cheap compared to the rest.
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