Yes, the fewer products you have, the less production you require.. Thus you can spend less to advertise the products. You need less storage space for inventory, Given the fewer products. The more profit you are able to obtain.
To earn more profit
To earn more profit
Innovate and possibly earn an economic profit in the short run.
A perfectly competitive firm will not earn an economic profit in the long run because in a perfectly competitive market, there are many firms selling identical products, leading to price competition. This competition drives prices down to the point where firms only earn enough revenue to cover their costs, resulting in zero economic profit.
i think trade is the buying ang selling of products or goods. and business is dealing in any activity to earn profit either by selling or buying ofgoods and services but for the sake of profit.
Outsourcing is a best way where business companies earn a lot of profit. I is due to hiring employees or buying products from other location with a cheaper cost of expense for both labor and product, and on the contrary selling those products with enough amount of profit they can get from it.
to earn the profit
You could always look up a guide on google to earn money fast. A good way is to buy a collectible with money and sell it for profit.
any activity which seeks to earn a profit by providing a good or service is known as
46%
any activity which seeks to earn a profit by providing a good or service is known as
women 16 and above worked on critical war products, piece rate basis to earn more profit in a plant (factory)