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Petes should make more cupcakes to improve his profit.
khuranashilpa76

Profit planning is the set of actions taken to achieve a targeted profit level. These actions involve the development of an interlocking set of budgets that roll up into a master budget.

What could he do to try to improve his net profit?

Pete's can increase their net margin by increasing revenues, such as through selling more goods or services or by increasing prices. Pete's can increase their net margin by reducing costs (e.g., finding cheaper sources for raw materials).

How do you increase profit?

Steps to improve profit

  • Prepare a budget.
  • Focus on your profit margins.
  • Review your business's bottom-line performance.
  • Benchmark your business's performance.
  • Assess the effectiveness of cost management measures.
  • Evaluate business productivity.
  • Develop new business strategies.
  • Reduce your error rate.

What are the examples of profit?

Profit is a benefit or gain, usually monetary. An example of profit is the money a business has left after paying its expenses. The sum remaining after all costs, direct and indirect, are deducted from the income of a business, the selling price, etc.

Learn more about profit and loss here: https://brainly.com/question/19104371

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