(Answered) Gross profit and strategic managementone way to increase

Accounting

Gross Profit and Strategic Management

One way to increase overall pro?tability is to increase gross pro?t. This outcome can be accomplished by raising prices and/or by reducing manufacturing costs.

1. Will raising prices and/or reducing manufacturing costs unambiguously increase gross pro?t? Explain.

2. What strategy might you develop as a manager to (i) increase product prices, or (ii) reduce product manufacturing cost?

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