Does the environment matters in maximizing profit in a business
The environment where you operate or carry out your everyday business activities helps and it goes a long way in maximizing profit in your business.
Any business that is closer to where there is raw materials help in maximizing profit because money spent on transportation of raw materials will be cut off there by maximizing profit of such products.
Also citing your business where people who will like your product or people who make use of your products will help you makes more profit because the people who use the product are easily accessible and the product will get to them quickly there by helping have quick turnover and making more profit.
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It's just an application of common sense. I see lots of people starting business without checking out for the location properly, they just believe the business area would grow with time. This is why most business shot down after a while.
Great post by the way.
Thanks so much for your comment
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