GMROI Formula to Calculate Gross Profit Margin Return on Investment
Automotive MarketingLearn how to calculate GMROI (Gross Margin Return on Investment) in Excel. The Turn Earn Index and the GMROI formula are two simple ways to help manage your inventory and run your business. Need to know the GMROI formula? Read on! GMROI formula…
Stages of Business Growth: Learn the Growth Stages of a Company
Automotive MarketingStages of business growth for strategic planning If you're doing strategic planning, the stages of business growth tend to be similar for many growing businesses. As a business grows, it goes through distinct stages of growth. These stages…
How An Increase in Sale Price or Decrease in Sale Price Affects Gross Profit vs. Unit Sales
Automotive MarketingCalculate the impact of price increase on gross profit If you want to increase gross margin with an increase in sale price, you need to know how gross profit is calculated. Assuming a drop in unit sales, how many unit sales are needed to maintain…
Rule of Three Business Examples
Automotive Market Research, Automotive MarketingWhat's the Rule of 3 in marketing? Here are Rule of Three business examples. The Rule of Three explains why some companies thrive and dominate their market segment, only to later become an afterthought. Market dynamics and the Rule of Three…
Learn How To Do 80/20 Analysis in Excel to Analyze your Business
Automotive MarketingLearn how to do an 80/20 analysis in Excel, and use the 80-20 principle to manage your business, reduce costs and increase your profits.You've probably heard about Pareto's Law or the 80-20 principle. Although...most people only understand…
