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Relationship between business, demand and supply.
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[QUOTE="Donkiz, post: 75821, member: 26238"] One of the major things that determines the success or otherwise of a business is location. Before starting any business it's very important to do market survey to determine whether there's a need for such business in that area. For instance, anyone that opens a shop where he/she sales generators in an environment where there's uninterrupted power supply will have little or no patronage. Before setting up a business in an area, you need to determine the demand level of your intended product or service in the area, and its only when the demand is high that the supply will also increase, thereby making your business successful. [/QUOTE]
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Relationship between business, demand and supply.
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