$10,000/$1.62 = £6,172.84 x 2.95 = NZ$18,209.88 x $.55 = $10,015.43. Thus, the profit is $15.43.
A winning strategy is pursued when an organization aims to maintain profits by any means possible. Low profitability allows companies to cut costs, invest less, raise prices, increase productivity, or use other methods to overcome temporary difficulties.
To increase profits, the following strategies can be used: Improving marketing using existing products in the current market. Penetration into new markets. Extended product selection.
Basically, if you sell a product at a high price, you will make a profit, but if you sell it at a low price, you will lose money. The term income statement is basically defined in business terms.
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