How would you increase margins for high end product

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A product’s margin is determined by subtracting its manufacturing costs (labor and material) from its price. Logically, higher prices and lower labor and material costs result in higher margins. Keeping in mind the Customer Buying Criteria, how would you increase margins for a Low End product? How would you increase margins for a High End product? Hint: The criteria can be found in the Foundation FastTrack Market Segment Analyses and on page 13 of the Team Member Guide.

Reference no: EM132206253

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