Tag: profit margins
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7 Types of Pricing Power
Pricing Power What comes to mind when you hear the phrase: “raise your prices”? Pricing will always be the fastest path to profitability. Full stop. The trick is getting it right. Before we unpack what goes into it, let me share this Charlie Munger quote on the concept of “pricing power” in business. Buffett and…
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Gross to Net — A Guide to Margins
What’s your margin? Does anyone ask what your margins are or tell you to watch your margins? What does that actually mean? Understanding margin(s) starts with which one you’re looking at. Here are the “big 4” that are worth your time: A “margin” is simply the difference between the price and cost of something. It…