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What is the main objective or reason of doing business?
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[QUOTE="Alexandoy, post: 214655, member: 25510"] Based on my education the concept of the business is to provide what the public needs. You will not sell sports car in the rural area because there is no demand. But if you sell a tractor then there might be a demand depending on the capacity of the rural folks that are mainly farm owners and workers. When you sell a product or provide a service that means you are bridging the gap. That is what the spa owner here said to me. He opened up a spa because some of his friends in the village wanted a massage. That spa had provided the massage service to our village. For a business to go on there should be a profit which is the margin between the capital and the revenue. When the mark up is not substantial then the profit is small that it might not suffice to cover the overhead of the business. [/QUOTE]
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What is the main objective or reason of doing business?
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