how to improve profit

Profit = A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something. (When you earn money from your own business).

One way of how to improve profit is that you attract people and make them interested in your product/s. Another way is cutting costs and increasing revenues.

Tesco reports sharp fall in sales

Tesco has reported a third consecutive quarter of falling sales as the UK's largest supermarket chain faces increasing competition from rivals.

For the three months to 24 May, the supermarket said like-for-like UK sales including VAT and excluding petrol fell by 3.7%.

How can companies improve their profits and increase their competitiveness by reducing costs?

Many companies have taken rapid and sometimes significant cost cutting action to help survive the worst of the recession. However, the forthcoming period of potential recovery may still feel like a recession and is likely to remain just as tough.

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