Understanding the concept of gross profit is paramount to business success. It serves as a cornerstone for evaluating a company's financial health, making strategic decisions, and ensuring long-term sustainability. Yet despite this, many SME business leaders do not give it sufficient importance, and many focus their attention on turnover instead. In this blog we will examine the subject of gross profit, exploring its definition, significance in business, and how it plays a pivotal role in improving business profitability.
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