Question

What profit margin do concessionaires strive to receive to cover their expenses?

Answer 1

What profit margin do concessionaires strive to receive to cover their expenses? A businesses profit margin is the amount in which revenue from their sales exceeds the companies costs to run the business. Going by the definition of a profit margin, the concessionaires want to make sure they are covering their expenses including employees to meet their profit margin goals.

Answer 2

Business profit margin.

Step-by-step explanation:

In general, it is defined as the ratio of profits earned to total sales receipts (or costs) over some defined period. The profit margin is a measure of the amount of profit accruing to a firm from the sale of a product or service. ... A low-cost producer in an industry would generally have a higher profit margin.

Profit margin gauges the degree to which a company or a business activity makes money, essentially by dividing income by revenues. Expressed as a percentage, profit margin indicates how many cents of profit has been generated for each dollar of sale.