INCREASE MARGINS

Business enterprises are setup to make profit. It is the aim of various business enterprises to make profit from the gods and services offered to people. For a business enterprise to be successful, it has to ensure that various things are put in place. it must ensure that it increases its margins. Margin is the profit gotten from subtracting the selling price of products from their cost price. Basically, business enterprises sell products and services in amounts that are more than their cost prices. The more margins that a business enterprise gains from products, the more profits it would make.

​A business enterprise should endeavor to increase its margins. However, it should be done reasonable as the interests of customers have to be taken into consideration. Though it is the aim of a business enterprise to make profit, customers are also meant to be fully satisfied with patronizing the business enterprise