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Not exactly. The goal of a business is to have the best margins and profits from the products sold. Part of having a good margin is having a low product cost, but the other part of having a good margin is having a high sale value. The ideal situation is where the average cost of the product tends to $0 and the sale value of the product tends to infinity and the number of product sold tends to infinity.
You could imagine a situation where a business has an average cost per product of $10 per unit and a sale value of $15 per unit. This means that there is $5 in margin or profit. You could also imagine a situation where the average cost per product were $25 per unit and the sale values is $60 per unit. This means that there is $35 in margin or profit. The $35 profit is much better than the $5 profit even though the average cost is higher.
What else can I help you with?
What is the fundamental goal of risk management?
The fundamental goal of risk management is to minimize the cost of risk and to maximize a firm's value (in the context of business risk management).
What is fundamental goal of risk management?
The fundamental goal of risk management is to minimize the cost of risk and to maximize a firm's value (in the context of business risk management).
Discuss and propose a set of new business goals and business strategies for Hypermart UtaraThis should include increasing the market shareexcellent customer relationship and cost leadership?
how to propose a set of new business goal and business strategies
How do you figure out who wins is it the highest or the lowest?
That would depend on the goal and what characteristics are required to meet that goal.
What is main goal of a large scale business?
Humor: The goal is not to become a small scale business.
What is your carrier goal if you study business law?
what is your carrier goal
What is the goal of business writing?
The goal of business writing is to have readers under-stand the message completely, clearly, and accurately
What fundamental goals of risk management?
The fundamental goal of risk management is to minimize the cost of risk and to maximize a firm's value (in the context of business risk management).
What shoud be the goal of a business?
The goal of a business is to provide quality products at a competitive price. The business should also pay its employees a fair and competitive rate of pay.
What is the fundamental goal of business?
Profit.
What is the main goal of the business?
Fundamental Goal OF BusinessThe fundamental goal of Business is to Create Surplus. It need not be always in terms of Money but improved Customer satisfaction, Goodwill etc. Brahmajyothi
What is a fundamental goal of business?
Fundamental Goal of BusinessThe fundamental goal of Business is to create Surplus. This always need not be in terms of Money, but improved customer satisfaction, Goodwill etc. Brahmajyothi
