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Business Ideas Forum
Importance of profit-making to a business.
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[QUOTE="TOZZIBLINKZ, post: 268867, member: 37528"] Profit-making is the second most important goal and objective in a business organisation after the satisfying of the needs and wants of members of the public . And although majority of business owners supplement profit making as the main goal in their business organisation instead of satisfying the needs and wants of members of the public but what this seems to not understand is that they cannot make profit in business except they satisfy the needs and wants of members of the public who possibly come in as patronizes and as customers and clients to the business organisation to get their needs and once satisfied and in turn the business organisation makes profit . Profit making is a means of making income generation in a business organisation and also it could be seen as a way of generating revenue in order to boost the business and take it sectors and tiers to the next level in order to achieve and reach greater and higher heights . A business organisation not able to make expected and planned amount of profit is considered to be unhealthy and such business as time goes on May become bankrupt or possibly a common liquidated . One of the common reason why businesses do not make profit as expected and as planned is literally because they are totally unable to produce , sell , and render the right kind of quality goods and services to members of the public for the purpose of buying and for the purpose of themselves making profit in turn . [/QUOTE]
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Importance of profit-making to a business.
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