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Money & finance

To sell in retail – have a discount and price reduction strategy

https://www.fcc-fac.ca/en/knowledge/to-sell-in-retail.html

Understand your retailer’s temporary price reduction strategies to maximize your product’s profitability.

Consider the ‘other’ costs when calculating selling price

https://www.fcc-fac.ca/en/knowledge/consider-other-costs-when-calculating-selling-price.html

When you understand, implement and forecast all costs you’ll incur, you’ll have a better chance of success selling food to retail distributors.

Markup vs. margin – know these metrics for better customer communication

https://www.fcc-fac.ca/en/knowledge/markup-vs-margin.html

Understand the difference between markup and category margin – two important food industry metrics that help you better communicate with customers.

How retailers determine the right price for your product

https://www.fcc-fac.ca/en/knowledge/how-retailers-determine-the-right-price-for-your-product.html

To maximize sales and profits, retailers consider several factors when finalizing your product’s retail price.

Business tips for food manufacturers – part 2: Financial ratios

https://www.fcc-fac.ca/en/knowledge/financial-ratio-business-tips.html

Learn about the 4 ratios key to understanding your financial health to help you make better business decisions – part 2 of 2.

Business tips for food manufacturers – part 1: Financial statements

https://www.fcc-fac.ca/en/knowledge/financial-statement-business-tips.html

Learn about the 3 statements key to understanding your financial health to help you make better business decisions - part 1 of 2.

Understand debt to achieve business goals

https://www.fcc-fac.ca/en/knowledge/understand-debt-to-achieve-business-goals.html

Debt is a tool that needs to be understood and structured to fit with your business needs. If a loan makes your business more profitable and sustainable in the long run, and if you have a solid repayment plan, it can be an essential business instrument – but be sure you can manage it.