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What is the potential relationship between gross sales and profits?
The potential relationship between gross sales and profits are that if the gross sale decreases that also affects the profits by decreasing them because the gross sales are the total amount of the sale before any discounts or allowances are made on the sale. If the gross sales increase then the amount of profit also increases because the more the company sells the more the company has the potential to make more profits.
An increase in sales and profits generates the necessary cash required for economic growth?
An increase in sales and profits does not necessarily mean an economy will grow. The economy will only grow if the sales and profits are substantial in size.
What is the goal of promotion?
Product recognition to increase sales that will results to more profits.
How would you increase sales or profits for the venue?
Efficiencies. Economies of scale. Lower costs.
If selling prices sales mix and cost structure remain the same do profits and sales increase using variable costing?
Equal
If sales increase will profits always increase?
Sales might increase because prices dropped. They might increase because more expensive salesmen were hired. They might increase because the neighborhood improved in value, however, taxes will go up or rent will go up. Thus, just because sales increase does not mean profits always increase.
Why is Harley Davidson trying to build sales in china?
The same reason any company would want to build sales; to increase profits.
What are the objectives of boots?
To expand and grow, increase profits, maximise sales, improve social image, survival?
Why can firms not always reduce prices until they increase sales and profits?
if marginal production costs exceed marginal revenues, the firm will suffer losses, not profits.
How are products differentals is used to try to increase profits?
Products differentials are used to try to increase profits in different ways. This is a strategy that is known as diversification whereby a supplier offers varied products to consumers which increases the chances of making sales and eventually profits.
What are the differences between profit and sales maximisation objectives?
A Sales Maximisation objective aims at increasing the cash value turnover/Sales Income/Revenue. Costs and expenses are not taken into account. Profit maximisation seeks to increase the bottom-line profit, regardless of sales or other considerations. Profit = sales less costs. If sales reduce, but if costs reduce by a greater amount, profit will increase. If sales are less in such a scenario, the work required to achieve sales may be less, so more profit is being made with less effort, which would be a good indicator of the organisation's efficiency and ability to trade successfully despite business challenges. Profits can also be increased by maintaining at costs at their present level, and increasing the selling price. Assuming that the volume of sales does not decrease, bottom-line profits will increase. Sales maximisation can be an valid objective if the sole aim is to increase market share or other related reasons. However, Sales Maximisation accompanied by ever-decreasing profits cannot be sustained indefinitely.
Where can one find sales training courses?
One can find sales training courses from IBM, CPSA, Pareto or Activia. Sales Training courses can help one to improve or increase sales. Many of the courses come with certification after completion.
