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Business strategy
Factors that determine the profits of a business.
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[QUOTE="Chibson, post: 213662, member: 27553"] [FONT=Georgia]Definitely, any business that focuses on satisfying the immediate needs of the people in its locality will definitely make a whole lot of profit. one of the best ways of making a lot of profit from her business is to know the needs of the people in your environment and look for ways of solving their problems then, boom you're on your way to making a whole lot of money. This is one of the smartest methods people use to make you a lot of money. Take for example during the coronavirus pandemic lock down a lot of people made money selling face masks. this is because it is an immediate need of everyone and if you can venture into such a business you will definitely be making a whole lot of profit. sometimes the size of a business does not determine the profit of the business but most times it does. There are small businesses you may think that they are not making profit but the reverse is definitely the case because a small business can be making large profit much more than the big businesses you see. It's all about knowing the needs of the people in your location and satisfying them properly.[/FONT] [/QUOTE]
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