The Marginal Margin on Incremental Business

Growth is a common feature of companies like headed for bankruptcy and stuff like that. However, all the returns here are adequate if you do them on a marginal basis. For most companies, that's easy to calculate. They barely grow in any one year. The change in the margin is very sim for the average company as the marginal margin. But still, it's not a constant a cline that's as extremely bad.