Figuring Profit Margin: The Definitive Guide to Business Profitability
In the world of business, revenue is a vanity metric, but profit is sanity. At the heart of this crucial distinction lies a fundamental concept: the profit margin. Figuring profit margin is not merely an accounting exercise; it is the core practice of diagnosing the financial health and operational efficiency of any enterprise. It answers the most critical question: after all costs are...
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