Assignment -
Part 1: What types of business are more likely to have high profit margins? What types of business are more likely to have lower profit margins? 50-150 words.
Part 2: Smith Company has had gross profit percentages of 20 - 22% for the past 5 years. The current gross profit percentage is 14%. 50-150 words.
What are some possible causes of this change in gross profit percentage?
What should the management of Smith Company do?
How can a company improve its gross profit percentage?