Retailer Profitability Model for Retailers: 03. Reducing Expenses

Course overview
We know that revenue minus expenses equals profit which means there are two ways to increase profit: reducing expenses and creating revenue. In this course, we'll look at the many ways to cut costs. We'll go over reducing the costs of goods sold, labor costs, direct expenses, general and administrative costs, and advertisement expenses.
The individuals involved in the development and promotion of this course do not receive any compensation or financial benefits outside of their regular employment for their work on this course.
- 4 minutes
- Format: Video
- English