Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
Factors that determine the profits of a business.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Kingsley, post: 211877, member: 30278"] Although the amount of capital we invest in the business will certainly have a role to play in how much we are likely going to make in the busines, hence the higher the capital we invest, we could safely say the higher the profit. There are other parameters that we can also use to project the profitability index of a business, and somany accounting ratios. But all in all there are other physical factors that can affect the profitability of a business. Like the attitude towards the customers, which can be seen as customer relations, although we commonize it as if it doesn't really count. The truth is customer relations is key in retaining sales and even increasing sales volume. I have seen people travelling from one state to another just to buy stuffs in another state all because of the customer relations they have in that particular state . The way and manner we handle our customers will determine if they will return back to us to buy more or if they will decide to go to our competitors. We need to be more customer friendly in dealing with our customers, and somtimes we can take out time to enquire from them if they are okay with the product or services. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
Factors that determine the profits of a business.
Top