MGST 217 Lecture Notes - Lecture 4: Profit Margin

• School: University of Calgary
• Department: Management Studies
• Course: MGST 217
• Professor: Staff

Document Summary

Jon"s hardware store in the se quadrant is losing profitability. We need to understand what happened at the store to prevent it from happening in the future. Subtract those two values to determine your profit margin. Sales mix: percent of each type of good that you sell (low, medium and high quality) Profit margin: amount of money made o each item. Note the changes in the store to determine what went wrong. Reorganize the store to its former layout. Train people not to change the layout.