Companies are investigating the reasons for their low profit margins, the most profitable products in the product mix and identifying the customer groups that will have the most positive impact on their financial performance in order to increase their competitiveness through increasing their profit margin.
It is not easy to make the right decisions on such multi-faceted and complex issues in a small-scale island-economy such as Cyprus. It is important to understand costing, to analyse the different components of cost, to determine the cost components that affect the sales and profit performance and to take the necessary actions.
Our consultancy team is ready to help you with implementing best practices.
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