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Business strategy
Factors that determine profitability of a business.
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[QUOTE="funmi, post: 218332, member: 38880"] What could possibly determine the profitability of a business besides it selling or sales potentials, ones profit is calculated as total sales less total expenses the rest should be ones profit or loss, depending on the one that is higher between the expense and the sales. Anyway for one to be able to always have a winning situation in his or her business , then there must be some winning strategy that must be put in place mostly if you are residing in a country where there is economic instability like my country. Because the economic stability of a place will really count in determining if a business would be successful or not because you can't do better than the country you find yourself as the economy you find yourself will determine how far you will go. If someone like Dangote were to come very a more better economy he might have been the richest man in the world. Then to determine the profitability of a business we must check the earning potentials and look up some other indices that will help us analysis the profitability capacity. Although other factors such as capital, location and level of technical know how willl all be a part. [/QUOTE]
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