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Business strategy
Factors that determine the profits of a business.
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[QUOTE="Sotherefore, post: 212433, member: 27033"] Thanks for sharing location is always the main determinants of a business's success that is why proper analysis of the location a person is establishing a business is absolutely necessary because without this in place the possibility of succeeding in a business may likely be very low.. If I am to establish a business I will make sure the location I needs to established the business has a large number of people that will be interested in the product I have to offer . some people may not likely to check all these things and put them into consideration that they will mostly be interested in the profit of the business. Another thing that can also determine the profitability of a business is the type of products you are offering , if you are selling edible products and mostly beauty products I believe there will be high demand for this product in a crowded location compared to use selling other products like mechanical part or something similar , people will always eat and people will always wear clothes. A lot of business also need strategy and if proper strategy is applied in a business the possibility of succeeding will be on the high side. [/QUOTE]
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Factors that determine the profits of a business.
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