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What is a good profit margin for an ornamental wrought iron business?
A profit margin you can live on.
What is a good net profit margin for a plumbing company or other similar service company?
A good net profit margin for a plumbing company or similar service-based businesses typically ranges from 10% to 20%. Factors such as market competition, operational efficiency, and pricing strategies can influence this margin. A higher margin indicates better cost management and pricing power, while anything above 20% is generally considered excellent in the service industry. Monitoring these margins can help ensure long-term sustainability and profitability.
Other than profit what else can you do for the company?
other than profit we can manage people, compenciate them and maintain a good relqationship with customer for the growth of the company.
What is diversification in construction industry?
It is a long term strategy laid out by management of the company to get into other areas which offers good profit margins. It should stand on the company resources like talent and expertise.
Please explain the difference between a 'for-profit' company and 'non-profit' company?
Non-Profit Companies - These are companies that do not redistribute profits to shareholders or even to the owners. In their company goals, they discuss pursuing their corporate mission (i.e. Making another fundraiser, another public class, something that is for public good). Some examples of these are charitable organizations and most government agencies.For-Profit Companies - These are companies that redistribute their profits to their shareholders (stock holders). These are companies that follow a corporate mission of making money for their shareholders and look out for themselves (more self interest). These types of companies can be public (trading stocks) or privately (solely owned by the owners) held.
Candy Company had sales of 240000 and cost of goods sold of 108000 What is the gross profit margin?
Gross profit = sales - cost of good sold Gross profit margin = gross profit / sales *100 Gross profit = 240000- 108000 = 132000 Gross profit margin = 132000/240000 *100 Gross profit margin = 55%
What is a high profit margin?
A high profit margin is a good indication that a business is doing well, and has financial stability. This also shows that the company has good control over its costs in relation to its income.
What is net profit margin?
Net Profit margin is an indicator of the profitability of an organization. This refers to the actual amount of profit the company makes after deducting taxes and operating expenses. All company's strive to attain a good or rather high net profit margin. A net profit margin is also an indicator of the ability of the organization to control cost and also a good pricing strategy.Formula:Net Profit Margin = (Net Profit (After Taxes)/ Revenue) * 100%Note: It is easy to confuse gross profit margin and net profit margin. Gross profit is the amount of money left after paying for the operating expenditure. Net profit is the amount of money left after paying for operating expenses as well as government taxes. This is the actual amount of profit that goes into your pocket.
What is a good profit margin for an ornamental wrought iron business?
A profit margin you can live on.
What is a good profit margin for a plumbing company?
A good profit margin for a plumbing company typically ranges from 10% to 20%. Factors such as location, market competition, and operational efficiency can influence this range. Companies that effectively manage their costs and maintain strong customer relationships may achieve higher margins. Ultimately, a sustainable profit margin allows for reinvestment and growth while ensuring financial stability.
A higher profit margin indicates a more profitable company that has better control over its costs compared to its competitors?
Yes, companies with more profit margin are good at managing their cost. The variable cost associated with the product is low, which allows them to see more profit.
What is a good profit margin for consulting?
As much as you can get SUCKA!
What is a good profit margin for a consulting business?
15%
What is a good net profit margin for a agricultural input supplier?
The margin should be around 10%.
What is a good profit margin for a service?
A good profit margin for services is 15 to 25%. Selling goods along with the services can help offset profits can keep the business going.
What is a good profit margin for a seafood market retailer?
25%
What is a good net profit margin for a convenience store?
8%.
