The profit margin is the difference between the price charged for a good or service and the cost of producing it. Therefore it constitutes the profit for the producer.
<u>Two strategies can be followed to increase profit margins</u>
- Lower average production costs: if the company is able to increase the efficiency of its production processes (for example, by introducing new organizatives techniques) it will be able to produce more units with the same amount of resources. Then the cost per unit produced decreases, and the company will earn a higher margin if continues charging the same price.
- Product differentiation. The company introduces modifications in the product so that the perception that consumers have of it improves, and therefore consumers would be willing to pay a slighty higher price for purchasing that particular brand. If such modifications do not entail a larger increase in the cost per unit produced than the size of the price increase, then the firm will be able to increase its profit margins with this strategy.
Answer:
correct answer is right side of multi lane
Explanation:
solution
we know that left lane on multi lane freeway is reserve for the fast moving vehicles and right lane is for slow because all merge lane is ramp at right side of the multi lane road
and driver exiting has ( ROW) right of way while driver entering has to wait until there is time to merge because in in the merging lane, we should maintain a accelerated speed to avoid any collision so here traffic flow is slow
so correct answer is right side of multi lane
<span>Sir Isaac Newton (1642 –1727) was an
English physicist and mathematician (described in his own day as a
"natural philosopher") who is widely recognized as one of the most
influential scientists of all time and as a key figure in the scientific
revolution.</span>
Http://www.powersource.com/gallery/people/sequoyah.html
<span> moderately important, even though party identification is not as strong as it used to be.</span>
