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Essay

Business life cycle

Essay specific features

 

Issue:

Business

 

Written by:

Leona B

 

Date added:

July 30, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 738

 

Was viewed:

6448 times

 

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Essay content:

Final profit, Work out the market value for your product, too high and you will lose out to your competitors, too low and you will not be able to cover the costs of production and generally functioning as a business. All this and you must work out how to let the public know about your product (advertising) and setting up the appropriate bank accounts, dealing with employee and business taxes and arranging insurance for everything...
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Sales increase, you have a solid customer base and you have larger production levels. These pose a problem, as more finance, employees and equipment may be required to meet up with supply-demand. During this time, the decision may be made to change business structure to allow for smoother running, or easier ways of getting money...
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