PURPOSE OF A BUSINESS

#Extract frm ma studies#

PURPOSE OF A BUSINESS

De purpose of a business is to create, attract n maintain customers in a cost effective way. Profits mainly do not bcom de purpose. Bt they aa de results of a skillful, successful, customers acquisition n customer service.

☝One must find or create product or service dat ppl want, need n are willing to pay for.

✌One must market n sell the product or service in SUFFICIENT quantities to cover all the cost and make profit

👌One must manage n administer de ppl, money n de bizness activities.

🌺 Lets grade ourselves on a scale of 1-10 in each of de above areas.

The weak area indicates our source of our problem