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Business strategy
3 simple ways to maximize profit in a business
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[QUOTE="Augusta, post: 116416, member: 25283"] A business is about buying and selling for a profit. Without profit making there’s no business. So how best a business cans makes the needed profit. See the 3 simple ways below [B]Sell at a price higher than the cost price:[/B] This is like the first rule of maximizing profit; you will only make profit when your selling price is above your production cost or the cost price of your product [B]Lower expenses[/B] What kill some businesses are high expenses, cut out worthwhile expenses and spread the expenses in the long run [B]Make sales[/B] No truer words than this, you can only make profits by making sales. So try to make sales daily to have some profits. What’s your thought on this? [/QUOTE]
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