Ever wonder what the difference between markup and profit margin is? This episode of Kaizen Time addresses this common confusion, explaining what each term means and why both are important for businesses. The discussion explores how markup helps with setting minimum prices and profit margin provides a clearer picture of a product's overall profitability. By understanding both concepts, businesses can optimize their pricing strategies and achieve their financial goals.
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🎙️ Kaizen Time is part of the Blood, Sweat & Business podcast series by Kaizen CPAs + Advisors. We help small business owners make smarter financial decisions—without the fluff.
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