Sportswear has become the popular trend of fashion: The popular trend for teenagers and adults. Sportswear has been promoted over time by sports players such as basketball, baseball and football players as well as Olympic Gold Medal Winners. The era of sportswear has grown significantly and businesses have noticed the need for change from sports fans and spectators. Businesses began to realize that growth and profits can be made in selling sportswear. However, even though businesses realize the popularity and profits of sportswear, it is still the question of effective production as well as improvement of sales and operational costs.
Artemis Sportswear Company has experienced downward pressures on profit margins. Company management has ordered an assessment of factors affecting the company's productivity with an end objective of reducing operational expenses and, in turn, increasing profit margins.
Artemis Sportswear Company needs to cut operational expenses by changing their marketing strategy. Increasing Profit Margins Proposal for Artemis Sportswear;
Profit Margin is a ratio that is calculated by dividing net profits of a company by its sales. This ratio measures how much of every dollar generated by sales is retained in company's earnings. Generally speaking, a higher profit margin indicates that a company is more profitable and has better control of its operational expenses. Gross profit margin can also be used to set and monitor... [continues]
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