Gross Margin and Real Profit
Posted on 9/21/2010 by Jim Pickerell | Printable Version |
iStockphoto COO Kelly Thompson says the company cannot keep growing
profit at the old royalty rates, so they have to reduce what they are
paying suppliers. The problem is not that the company does not have
substantial profits. Rather, it is Getty Images’ arbitrary standard
for what the gross profit margin in the stock photo industry should be
that causes the problem.
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