What are some examples of net profit margin?
Net profit margin is a key profitability metric. For example, if a company has a net income of $100,000 and total revenue of $1,000,000, the net profit margin is 10%.
Can you give me examples of different industries?
Sure! For instance, a tech company might have a net profit margin of 20%, while a grocery store might have around 2-3%.
What factors can affect net profit margin?
Factors include pricing strategies, cost of goods sold, operational efficiency, and market competition.
How can a business improve its net profit margin?
A business can improve its net profit margin by reducing costs, increasing sales prices, or enhancing operational efficiency.
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