Retailer Profitability Model for Vendors: 03. Reducing Expenses
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 for your retailers. We'll go over reducing the costs of goods sold, labor costs, direct expenses, general and administrative costs, and advertisement expenses.
- 4 minutes
- Format: Video