“Assume that you are working as an Operations Manager for XYZ Enterprises. You have been working in the organization for the last 5 years. Besides managing the operations of the business, this year, you are assigned a task to make the strategy for “how to increase the Gross Profit for this year”. Suggest the possible ways to increase the gross profit.”
Required: Only mention pointwise main reasons i.e. without providing any detailed explanation or examples.
Instructions:
Read the following instructions before giving your comments on GDB:
1. Use the font style “Times New Roman” and font size “12”.
2. Your answer should be relevant to the topic i.e. clear and concise.
3. Do not copy or exchange your answer with other students. Two identical / copied comments will be markedZero (0) and may damage your grade in the course.
4. Books, websites and other reading material may be consulted before posting your comments but copying or reproducing the text from books, websites and other reading materials is strictly prohibited. Such comments will be marked as Zero (0).
5. Obnoxious or ignoble answer should be strictly avoided.
Solution:
Increase Efficiency
Decrease our Cost of Good sold items.
Avoid Common Mistakes
Avoid Common Mistakes
Offer fair prices—all the time.
Seek out manufacturers to purchase merchandise at below wholesale prices
Test different aspects to promote business: -- new offers -- new items -- new prices.
Seek suggestions from vendors on ways you can boost business.
Avoid shortages of your most popular and profitable classifications.
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