Profit Duck

There has been a lot of talk around the United Kingdom in recent weeks about speed cameras being removed from around the country as they haven’t been proved to be reducing accidents. By taking these cameras down people are saying that we will save great amounts of money each year due to us not having [...]

In my last post, I discussed some ways of improving Profit through some simple methods. If you missed that post, please take a look. Today I would like to look into more detail about something which did come up in that article, Capacity Utilisation. What is Capacity Utilisation? The percentage of a firm’s total possible [...]

This week I would like to do a small series of posts on Profit Maximisation and how it can be achieved. The series will start off with this post, with an overview of what Profit Maximisation is and some basics of how it can be achieved within a business environment. The next two posts will [...]

On Monday’s post I talked about the implications of lowering your prices during a recession and how it could have a very bad effect on your company in the aftermath of a recession. Today I would like to go through some strategies, which I mentioned in the previous post, about how to lower your prices, [...]

It a tough time for everyone in a recession, there are decisions to make and information to analyse. A decision that people always seem to make during a recession is to lower prices. This is done because by lowering prices, you are able to attract more attention to your product, because it is cheaper and [...]