Question: Explain the importance of gross margin . Consider an example of a small business that currently has a selling price of $ 3 and cost

  1. Explain the importance of gross margin . Consider an example of a small business that currently has a selling price of $ 3 and cost of $1 , if the business can reinvest all its profits and the business starts by selling 1 product , how much will the profits grow to in 5 years . If the business can reduce the cost to 0.75 cents how much will the profits be in 5 years (10 marks )

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