Question

In order to maximise her profit on sales of mobile phones by buying bulk amount, a seller wishes to analyse the sale numbers of all known brands in the market. Which measure should she use to decide the brands that have been sold in large numbers?

Answer 1

Your profit margin is a metric that should always be on your radar, and for good reason: it answers critical questions about your business, like whether or not you’re making money or if you’re pricing your products correctly.

It’s important to note, though, that your profit margin isn’t just something you should measure; it’s a metric that you should continuously improve. As author Doug Hall said, “If your profit margins aren’t rising, chances are your company isn’t thriving.”