When entrepreneurs can sell their product or service at gross margins in the ________ range,there is an attractive cushion built in that covers the mistakes they are likely to make while developing a new enterprise.

Question

Quizplus · Accepted Answer

Gross margins in the 50+ percent range provide a significant cushion for entrepreneurs, allowing for a greater margin of error as they navigate the challenges of developing a new enterprise. High margins can absorb the costs of mistakes and unforeseen issues more effectively than lower margins.

When Entrepreneurs Can Sell Their Product or Service at Gross