Macroeconomic trends are factors that affect the regional, national, or global economy. These factors may include economic outputs, unemployment statistics, world-changing events, and inflation. Macroeconomic trends can influence the economy negatively or positively. Therefore, businesses need to be aware of these trends as they impact the demand for certain products, services, and operations. Understanding macroeconomic trends can help businesses…
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Driving Profitability Regardless of Macroeconomic Trends
Posted on March 29, 2023
Is Cost of Goods Sold a Variable Cost?
Posted on March 08, 2023
As a business owner, it is your responsibility to do your best to ensure that your business makes a profit. Without profit, it’s harder to grow, do better, and move forward. Therefore, it's important to understand the Cost of Goods Sold (COGS) as it directly affects profitability. COGS is a crucial financial term that can help you run your…