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.
The Sahara Desert covers large parts of Algeria, Chad, Egypt, Libya, Mali, Mauritania, Morocco, Niger, Sudan, and Tunisia it also is located within the Occupied Territory of Western Sahara. It is an expansive desert that covers almost the entirety of North Africa and serves as a natural divide in the African Continent.
Answer:
The authority the law enforcers have over a certain area
Explanation:
The biggest cause of Yemen's disappearing water supply is its use for irrigation. 90% of its water supply goes to agriculture and the government is unable to conserve rainwater.
The correct answer would be option A, Task Structure.
In LPC Theory, The Task Structure reflects the extent to which a task is routine, simple, easily understood and unambiguous.
Explanation:
The LPC stands for Least Preferred Co-worker. According to this theory, the effectiveness of a leader depends upon the situation he is facing. This theory states that a leader who is most effective in one situation, may not be effective in another situation.
Leader's personality and the complexities of the situation constitute this theory.
The Task Structure of the LPC Theory defines that how much the given task is clear to the workers or employees who are going to perform it. Detailed description of the task, the clear job description and the procedures to follow during performing this task must be included in this structure.
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