just got back my quarterly gross margins, they dipped and i can't figure out where the loss went to....
2006-09-11 09:46:51 · 4 answers · asked by bakery_goddess 1 in Food & Drink ➔ Other - Food & Drink
Reduce your cost or increase your price. The only way to improve margins.
2006-09-11 09:49:23 · answer #1 · answered by David P 3 · 0⤊ 0⤋
Looking at your Yahoo id, I would assume that you are in the bakery business. If your gross margins have dipped, I would guess that your costs of goods sold has increased (due to inflation, cyclical pricing spikes, etc.) If you didn't increase your pricing to offset these increased costs, then your margin will suffer. Before you increase any pricing (and potentially lose customers), you need to identify exactly which of the components of your cost of goods sold increased and why. You may be able to control your margins by controlling the expenses.
2006-09-11 16:52:53 · answer #2 · answered by dino 2 · 0⤊ 0⤋
oil, gas utilitys all have gone up in price might want to start there then check for spoils what you wasted and what other expense you didnt file such as lunches and such things also whos doing the register or taking in the funds are they clean can they be trusted? do you have a camera at the register and checking the receipts all the time? if you do all these things odds are you'll find out what happen. have items you resell gone up in price but you didnt raise your price?
2006-09-11 16:49:59 · answer #3 · answered by Jeff L 4 · 0⤊ 0⤋
Well let's hope for lots of VEGAN dips all around so that we are not stuck in the GROSS cow raping world.
2006-09-11 17:05:46 · answer #4 · answered by Anonymous · 0⤊ 0⤋