In order to increase the net profit of a business,the NMC of any proposed strategy must ________.

Question

Quizplus · Accepted Answer

The net profit of a business can be increased by implementing a strategy that generates more revenue or reduces expenses. In order for the strategy to be worthwhile, it must generate enough additional revenue or savings to exceed the current NMC (Net Margins on Cost). Therefore, the NMC of any proposed strategy must exceed the current NMC in order to increase the net profit of a business.

In Order to Increase the Net Profit of a Business,the