Duration: 03 mins 28 secs
Part of the Level 3 Learning Series -By watching this video, the viewer will understand what a margin is and the role it plays in the decision making of a business.
Recommended audience
Level 3 sales learners, EPN members, early sales professionals
Type of audience
UK and International
Description
Part of the Level 3 Learning Series – What a profitmargin is and the role it plays in the decision making of the business we work for and the businesses we sell to.
Understanding the commercial and financial elements of the business we work for and those we sell to is imperative.
This video explains what a profit margin is, how it is calculated, and how our understanding of these can influence the conversations we have as salespeople.
Key takeaways
- What a profit margin is and how it is calculated
- How our understanding of a profit margin influences the discounts we can offer to customers
- How a profit margin might influence the decisions of buyers
CPD Points
CPD Points: 0.5
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