1945

How can I maximize my profitability?

image of How can I maximize my profitability?

As in your domestic market, there are two ways to increase profit: raise revenues or cut costs. Because of the extra costs involved in exporting, you will want to be sure that you are positioned in a market so that you can charge enough to earn more than your costs. Usually this means competing on quality (or value for money) rather than on price, or offering a unique service for which customers are willing to pay a price premium.

Related Subject(s): International Trade and Finance
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