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Business strategy
Factors that determine the profits of a business.
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[QUOTE="Seyesystem, post: 77936, member: 27060"] There are a lot of factors that determine the profit of an organisation size doesn't matter when it comes to profit-making in business organisation. A small business that is where manage and concentrate on quality of the product produced and with effective communication with the existing and potential customers will help the business in achieving I increase in the profit of the organisation a big organisation that is well structured and where manage will definitely make I increase he sale of the products offering to the customers and this we eventually increase the profitof the organisation. There are many factors that determines profit of the organisation some of the factors are: offering quality products, effective communications with the existing customers and potential customers, establishment of good marketing department in the organisation, put in place effective internal control system in the organisation, having full knowledge of the business that you are going into and proper management and monitoring of the day-to-day activities of the organisation. [/QUOTE]
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