Apologies to anyone expecting a post about my favourite beverage, the Caipirinha.
Yes, that would be a good post. But it would require limes, not lemons.
Rather, this follows on from How to Become a Billionaire. In that post, I mentioned how “squeezing the lemon” could reduce costs, thereby improving profitability.
Now I want to provide a simple example of the relationship between cost, revenue, and profitability. (more…)
