Question

You are a manufacturer of electric scooters in US. The overall production costs of the scooters are extremely high when you manufacture and sell in the home market. This leaves you with very less profit margin. What would be your strategy to increase your profit margins and why?

Answer 1

Explanation:

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.”

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