THE EXPERTS OF DIFFERENT DEPARTMENTS EXCHANGE THEIR VIEWS FOR THE SMOOTH WORKING AND PROMOTION OF BUSINESS. SOMETIMES, THE TRADERS AND CUSTOMERS ALSO SHARE THEIR IDEAS FOR THE GROWTH OF BUSINESS.
CREATING CUSTOMERS;
PROFITS ARE CREATED BY GOD OR BY THE FORCES OF NATURE. THEY ARISE FROM THE BUSINESSMEN'S EFFORTS BY SATISFYING THE NEEDS AND WANTS OF CUSTOMERS. A BUSINESSMAN CAN EARN PROFITS ONLY WHEN THERE ARE ENOUGH CUSTOMERS TO BUY AND PAY FOR HIS GOODS AND SERVICES. THE CUSTOMER IS THE FOUNDATION OF BUSINESS AND KEEPS IT IN EXISTENCE.
INNOVATION;
BUSINESS UNDERGOES DYNAMISM AND CHANGE, IN THESE DAYS OF COMPETITION A BUSINESS CAN BE SUCCESSFUL ONLY WHEN IT CREATES NEW DESIGNS, BETTER QUALITY, IMPROVED TECHNIQUES, NEW VARIETIES, ETC. MODERN SCIENCE AND TECHNOLOGY HAVE CREATED A GREAT SCOPE FOR INNOVATION IN THE BUSINESS WORLD.
SERVICES OF MIDDLEMEN;
MOST OF THE TIME , AGENTS OR MIDDLEMEN NOT ONLY HELP IN MAKING CONTACT BETWEEN BUYER AND SELLER, BUT ALSO ASSIST FOR THE FORMATION OF SALE OR PURCHASE CONTRACTS. THE REMUNERATION OF THESE AGENTS IS CALLED COMMISSION.
CULTURE.
THE CULTURE AND CIVILIZATION CANNOT BE IGNORED DURING THE PROCESS OF PRODUCTION OF GOODS AND SERVICES,BECAUSE A CUSTOMER ALWAYS CONSIDERS HIS CULTURAL AND SOCIAL VALUES IN BUSINESS DEALINGS.
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