4 ms·
1% is a lot.. gross margin for the big bulk fishing operations is around 10% so you are asking them to give up 10% of their profits To put 1% in more context,
by hammock 2y ago
1% is a lot.. gross margin for the big bulk fishing operations is around 10% so you are asking them to give up 10% of their profits
To put 1% in more context, the biggest companies like P&G, Verizon, Progressive Insurance etc will never spend more that 3% of revenue MAXIMUM on their total marketing budget..and that is money that they directly measure ROI from.
- rqtwteye 2y agoWhat if they raised prices by 1% to compensate? We just had double digit price increases for a lot of things so 1% seems pretty easy.