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Business strategy
Factors that determine the profits of a business.
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[QUOTE="btaliat, post: 76323, member: 26390"] Sometimes people always believe that the size of a business determine the profit of an organization. This may be true but it is relative. Sometimes, a small business that focuses on some items or products needed badly by the people or goods of high demand can be making so much gains even more than a big business. Some big businesses that are cited where it there is no targeted customers may not be recoding big profits. Or if the business is not meeting or satisfying the immidiate needs of the people. Another thing that may also cause the variation in profit making maybe style of management. If the managements are not competent or use some managerial methods that can yield profit. The companies no matter how big may still not yield profits whereas a small business that uses a good managerial style may be recoding huge profit. [/QUOTE]
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