Question
Highlight four internal measures a business may use to increase its growth and profitability.
Answer
- Establish a well-defined and dynamic culture
- Have clear business policies
- Develop appropriate products, pricing, promotion and distribution strategies
- Efficient organization and use of finances, equipment, facilities
- Establishing efficient communication system
- Have clear business policies
- Develop appropriate products, pricing, promotion and distribution strategies
- Efficient organization and use of finances, equipment, facilities
- Establishing efficient communication system
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