Mark Elarton, director of marketing, wants to reduce the selling price of his companys products by 15%
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Mark Elarton, director of marketing, wants to reduce the selling price of his company’s products by 15% to increase market share. He says, “I know this will reduce our gross profit rate, but the increased number of units sold will make up for the lost margin.”
Before this action is taken, what other factors does the company need to consider?
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Related Book For
Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
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