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Simply put, the company should puts the right product, at the right place, at the right price, at the right time. Product means understanding what the customers want; this includes understanding how our p...
The ‘external environment’ is the combination of factors that occur outside of the business. These include: political, economical, social, technological, legal and environmental factors. In terms of the e...
Organic growth is when a business is using its profits to expand naturally, without needing to turn to external forms of investment such as a bank loan.
The business world is divided into the public sector and private sector.
Public sector businesses are run by the government and often provide necessities like electricity or bus services. The priva...
A unique selling point (USP) is a differential factor, which enables the business to distinguish itself from other competitors in the market place. As such, a USP is important as it provides more value fo...
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