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Discuss five strategies that the chosen business can use to become profitable​

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khuranashilpa76

Strategies that the chosen business can use to become profitable.​

When businesses formulate a method, it facilitates their understanding of their strengths and weaknesses. This way, they are able to capitalize on what they may be appropriate for and enhance their weaker elements. It ensures that every issue of a business is deliberate. this means extra performance and higher and greater effective plans.

  • Make strategic making plans a top priority.
  • preserve a near eye on your competitors.
  • paintings to increase your purchaser base.
  • stay near your customers.
  • display profit margins.

When businesses formulate a strategy, it facilitates their understanding of their strengths and weaknesses. This way, they can capitalize on what they may be excellent at and enhance their weaker factors. It guarantees that each component of an enterprise is planned. this indicates more performance and better and greater powerful plans.

Learn more about businesses here:-https://brainly.com/question/24553900

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