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Revenue increase

Construction Materials and Engineering
From Denmark
To Libya
250 views / 1 experts
Amber S.
Aug 23, 2021

What changes could increase revenue?

1 answer

Dave B.
Aug 23, 2021

There are basically only three ways to increase revenue, and each of them depends on effective supply chain management:

  • Raise prices.
  • Sell more stuff to current customers.
  • Attract new customers.

To raise prices, you need to be providing more value than your competitors. As long as you can deliver the product your customers want, when they want it, and where they want it better than your competitors, then you can charge more money.

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