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Business strategy
Factors that determine the profits of a business.
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[QUOTE="eldavis, post: 212436"] Location has always been my favorite when it comes to factors that determines the growth and success of a business. Location is one of the things most business owners do not take seriously, they tend to look for places with less competition, hoping to succeed there, when what they should be after is their target audience. You could place your business in a place with less competition and still not make profit, simply because you have no access to your target audience. Before deciding in a location for your business, it would be best to know your target audience and where they can be found, this should be what influences your decision more. [/QUOTE]
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