oboloo Glossary

Improve Margins

oboloo Glossary

Improve Margins

Improving margins, in a business context, is all about increasing profit. It’s the act of making more money from the same amount of resources and effort. To do this, companies need to focus on cutting costs without compromising quality, look for new revenue streams, or find ways to increase product prices without losing customers. By making strategic improvements in these areas, businesses can boost their profits and improve their bottom line.